Tag Archives: NAR

No, 49% Of Homes Sold In September Were Not To Cash Buyers

RealtyTrac has to have made a mistake when it reported that 49% of all homes sold in September were to cash buyers. Until now, their data and the data from NAR had been roughly in-line. This can’t be right. From RealtyTrac: All-cash purchases nationwide represented 49 percent of all residential sales in September, up from […]

California Home Sales Back To 1988 Levels

With home prices having spiked and inventory so low this summer, California home sales retreated to levels seen in 1988. Larry Roberts breaks down the numbers and analysis: It’s been called “sticker shock,” but perhaps a more apt term would be “price revulsion.” The cost of ownership rose so high so fast that buyers simply […]

Put in a little $…get back less $.

This is one I can’t ignore.   Here is the top 10 National Association of Realtors 2013 Source vs. Cost of Improvements.  Note that it doesn’t reflect prices in the Bay Area, which one could easily assume will run a lot higher. I read a lot online. I maybe I saw this earlier in Bay Area […]

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NAR Reports January Existing Home Sales Fall On Low Inventory

A low supply of homes for sale has resulted in existing home sales falling in the West in January, according to NAR. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.4 percent to a seasonally adjusted annual rate of 4.92 million in January from a downwardly revised 4.90 million […]

NAR: Home Sales and Median Home Prices Continued to Rise in July

From NAR: WASHINGTON (August 22, 2012) – Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases, according to theNational Association of Realtors®.  Monthly sales rose in every region but the West, where inventory is very tight. Total existing-home sales, which […]

Is the 2012 Housing Recovery Losing Steam?

The “pick up” in home sales we’ve seen for the last six months has finally started to fade. Changes in price typically follow changes in volume… So does that mean home prices are about to start falling again? It’s very possible. The National Numbers NAR reported that existing home sales fell 5.4% (seasonally-adjusted) from May […]