existing home sales

The Tell-Tale Stat: In Housing Market, Inventory Is Key

If you're trying to decide whether it's time to consider buying a house, the best clues can be found in the new and existing home inventory numbers. And despite all the other positive indicators, those figures are still much too high for comfort.

Prospective Homebuyers: Time Is on Your Side

The latest reports on home sales and prices offer a complicated and conflicted picture. But when the data are taken together, one thing is clear: Weighing risk and reward, it's worth waiting a few months to see which way the real estate winds are really blowing.

Housing's Long and Winding Road to Recovery

Home prices are falling again nearly nationwide, but the pace of sales is starting to pick up in recent months. Overall, it seems clear that the worst of the housing debacle has passed. It's just that the U.S. remains on a slow, grinding track back to housing health.

November Home Sales Take Small Step Forward

The U.S. housing sector remained in a slow, but uncertain recovery in November, as existing-home sales increased a less-than-expected 5.6% last month, to a 4.68-million-unit annual rate. Although home sales rose in every U.S. region, and inventories fell, strong job growth will be needed to increase the sales pace in 2011 and prevent tepid home prices from re-trenching in the quarters ahead.

Housing 2011: Unsettled, Underwater, Unsold

Housing market watchers got a bit of good news Thursday: Sales agreements for previously occupied homes rose 10.4 % in October. But that was one spark of hope against a backdrop of declining prices, bulging inventories and ongoing legal issues around foreclosures. A real estate recovery in 2011? Don't count on it.

Rising Home Sales Point to a Housing Recovery

Existing home sales unexpectedly surged 10% in September -- the third consecutive monthly rise. Although a retrenchment is always possible, if existing sales continue to rise in the quarters ahead, that improvement would support U.S. GDP growth -- a welcome sight.

The Bounce in Existing-Home Sales: Scant Progress

What should investors make of August's better-than-expected 7.6% rise? Not too much. Even though the 4.13 million-unit annual rate is an improvement from July's ugly 27.2% plunge, it's still the second-lowest month for existing-home sales in the past 15 years.

Home Prices Up in June: Is the Market Stabilizing?

Home prices in 20 major U.S. cities rose a better-than-expected 1% in June from May, according to the Case-Shiller index. But the home buyer tax credit probably helped lift June's data, while home sales in July have tumbled.

Home Sales Plunge to Lowest Level Since 1999

The U.S. housing market is re-trenching, as existing home sales unexpectedly plunged 27.2% in July to a 3.83-million unit annual rate, as prospective home buyers shunned the market due to inadequate job growth and as purchase incentives declined following the end of the home buyer credit program. What%u2019s more, it%u2019s the lowest existing home sales level since 1999.

Home Buyer Credit Needed? Sales Fall Less Than Feared

Existing-home sales fell a less-than-predicted 5.1% in June to a 5.37-million-unit annual rate, as the number of people looking for houses declined after the federal home buyers tax credit ended this spring. Though the tax credit boosted sales, Congress appears unlikely to renew it.

When Will Real Estate Market Get Back to Normal?

Now that the home buyer tax credit program has expired, job growth and mortgage availability will likely be the key factors determining the rate of existing home sales, which unexpectedly dipped 2.2% in May to a 5.66 million unit pace.

April Home Sales Jump, But Tax Credit Is Ending

Aided by the home buyer tax credit, U.S. existing home sales jumped an unexpectedly large 7.6% in April. But is the real estate market strong enough to stand on its own now that the federal incentive has ended?

Existing Home Sales Soar in March

Boosted by the home buyer tax credit, existing home sales rose 6.8% in March to a 5.35-million-unit annualized rate, the National Association of Realtors said. What's more,home inventories dipped to an 8-month supply, down from an 8.5-month supply in February.