existing home sales

Don't Blame the Weather For Existing Home Sales -5.1% Drop

The NAR reported existing home sales plunged -5.1% from last month and are down -5.1% from January of last year.  This is the 3rd decline from from year ago.   Existing home sales are now at July 2012 levels.  While many blame the harsh winter on falling sales, in the West where weather has not been a factor, existing home sales declined -7.3% for the month and are down -13.7% for the year.

Existing Home Sales Soaring Highs Deceptive

The NAR reported existing home sales increased 1.0% from last month and are down -0.6% from December of last year.  This is the 2nd decline from from year ago, previously not seen since June 2011.   Existing home sales for the entire 2013 year, on the other hand, hit housing bubble levels not seen since 2006.  For all of 2013, existing home sales increased 9.1% from 2012.

Existing Home Sales Go Negative for the First Time in 29 Months

The NAR reported existing home sales plunged -4.3% from last month and are down -1.2% from last year.  This is the first yearly decline in existing home sales since June 2011, a full 29 months ago.   Unsold Inventory increased 5.0% from last year and represents a 5.1 months supply at current rates .  Volume was an annualized and seasonally adjusted 4.90 million for November 2013.

 

Existing Home Sales - Affordability at Five Year Low

The NAR reported existing home sales declined -1.9% from last month and are up 10.7% from last year.  Sales have increased on a yearly basis for the last 27 months in a row.   Inventories are still a very tight five months of supply.  Inventories increased 2.0% from last month but are down, -7.4% from a year ago.   Existing homes sales nationwide have increased 10.7% from a year ago.

Existing Home Sales Drop -1.2% for June 2013

The NAR reported existing home sales declined -1.2% from last month and May figures were revised down by 40,000 annualized units.  The revision gives a 3.4% monthly May gain instead of the 4.2% originally reported.   Inventories are still a very tight 5.2 months of supply, a 4.0% increase from last month's five month supply and a -18.8% annual drop in supply for existing sales demand.

Bubble, Bubble, Toil and Trouble as Existing Home Sales Rise for May 2013

The NAR reported existing home sales jumped 4.2% from last month and inventories are still a very tight 5.1 months of supply for May 2013.   Existing homes sales have increased 12.9% from a year ago.  Volume was 5.18 million against April's 4.97 million annualized existing home sales.

Existing Home Sales Decline 0.6% for March 2013

NAR reported their March 2013 Existing Home Sales.  Existing home sales decreased -0.6% from last month and inventories increased to a still very tight 4.7 months of supply.   Existing homes sales have increased 10.3% from a year ago.    Volume was 4.92 million against February's 4.95 million, annualized existing home sales.

Existing Home Sales Increase 0.8% for February 2013

NAR reported their February 2013 Existing Home Sales.  Existing home sales increased 0.8% from last month and inventories increased to a still very tight 4.7 months of supply.   Existing homes sales have increased 10.2% from a year ago.    Volume was 4.98 million against January's 4.94 million, annualized existing home sales.

Existing Home Sales for December 2012

NAR reported their December 2012 Existing Home Sales.  Existing home sales decreased -1.0% from last month and inventories are down to an absurdly tight 4.4 months of supply.   Existing homes sales have increased 12.8% from a year ago.  While this is the highest annual increase in five years, existing home sales on a monthly basis are not to even 2009 levels.

Existing Home Sales Decline by -1.7% for September 2012

NAR reported their September 2012 Existing Home Sales. Existing home sales decreased -1.7% from last month and inventories are down to a now tight 5.9 months of supply. Existing homes sales have increased 11.0% from a year ago. Volume was 4.75 million, annualized against August's revised up, from 4.82 to 4.83 million, annualized existing home sales.

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