July Existing Home Sales Report

“Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired. Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September. However, given the rock-bottom mortgage interest rates and historically high housing affordability conditions, the pace […]

Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas

Synopsis: Homebuyer tax credit and low interest rates had a positive impact on home sales in the last quarter of 2009. Sales of distressed properties were down 5% over the previous year. The national median sale price for a single family home was 4.1% lower than a year ago, but some areas are seeing double […]

August 2009 Pending Sales Data

Lawrence Yun, NAR chief economist, discusses the statistical data up to August 2009 and explains what the information is telling us about the market. Video: Key Points: Pending sales are up all over the country. A monthly increase of 6.4% and an annual increase of 12.4%. The disconnect between pending home sales figures and existing […]

Good News for First Time Home Buyers and the Housing Market!

An announcement was made at The Real Estate Summit: Advancing the U.S. Economy today that will help people to buy a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” […]