Existing Home Sales Slip In March
In March, for the second straight month, home resales slipped nationwide.
In March, for the second straight month, home resales slipped nationwide.
Despite sparse home inventory, the National Association of REALTORS reports that 4.59 million "existing homes" were sold in February on a seasonally-adjusted, annualized basis.
The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
January's home resales moved to a 20-month high -- additional evidence that the nation's housing recovery is underway.
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector.
After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.
The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide.
Nationwide, fewer homes are going under contract to sell.
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September's Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide.
According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.