Home Sales Up

Existing-Home Sales Continued to Climb in November

Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors(R). Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners.

Although rebenchmarking resulted in lower adjustments to several years of home sales data, the month-to-month characterization of market conditions did not change. There are no changes to home prices or month’s supply.

Related articles

• Huntsville November Real Estate Sales(tbrander.wordpress.com)

  Home sales rise in Manatee
  By JOSH SALMAN – jsalman@bradenton.com The Bradenton-Sarasota market recorded 816 existing home sales last month, a modest 2 percent jump from October and 17 percent increase from the same time last year, according to figures released Wednesday by …
  www.bradenton.com

  NWI home sales begin to march upward
  Existing single-family home sales in Northwest Indiana increased 19.6 percent in November compared with one year ago, marking the fifth straight month of higher sales in the region, according to data from the Greater Northwest Indiana Association of …
  www.nwitimes.com

  Home sales rising. Is a new wave of home investors forming?
  Existing home sales rise in November and are now 34 percent higher than the mid-2010 low. Low prices and interest rates are drawing some new investors to real estate. By Margaret Price, Correspondent / December 21, 2011 This photo taken Tuesday shows a …
  www.csmonitor.com

  Miami Real Estate Sales Continue Winning Streak in November, Prices Rise …
  “Residential real estate sales have consistently risen in Miami-Dade since August 2008,” said Jack H. Levine, 2011 Chairman of the Board of the Miami Association of Realtors. “Now, after the relatively rapid absorption of excess housing inventory, …
  www.worldpropertychannel.com

  Rise in home building suggests industry turnaround
  Short sales occur when lenders allow homes to be sold for less than what’s owed on the mortgage. Few homes are selling. After previous recessions, housing accounted for at least 15 percent of US economic growth. Since the recession officially ended in …
  www.foxnews.com

  

Read more

More related Positive News

• Home Sales on the Upswing
• Existing-home sales Rocket Up 12.3% in December
• Ending the Year Positively
• Pending Home Sales Up
• February Numbers Pleasantly Surprise

October Homes Sales Jump

Image by Getty Images via @daylife

October pending home sales bounced 10.4 percent compared to September, according to the National Association of Realtors Midwest, up 24 percent.

The Northeast also saw sizeable gains, as did the South. Only out West did buyers stay on the sidelines, with pending home sales there basically flat month to month.

The boune more than recovered the loss through declines over the past three months. The National Association of Realtors (NAR) announced a 10.4% increase in the Pending Home Sales Index (PHSI) in October, rising to 93.3. This follows a decrease of 4.6% in September and modest declines in July.