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 [...]
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 [...]
Larry Roberts penned and interesting article today that is worth sharing. It reminds me of a conversation I had a while back with one of the top producers in the brokerage I was at. We were working late and they told me they had just spent a few hours calling all of their potential buyers [...]
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 [...]
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 [...]
Pretty interesting chart from NAR today showing that the percentage of home sold to first-time home buyers has fallen off a cliff. I’ve got three reasons why this isn’t surprising: Tax credits and other incentives pulled a lot of the demand forward a couple of years. Creating today’s void. First-time home buyers are generally at [...]
A lack of inventory, especially at the low-end, continued to push median prices higher in April. NAR reports: Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.4 percent to a seasonally adjusted annual rate of 4.62 million in April from a downwardly revised 4.47 million in March, and [...]
