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July 19, 2012

Numbers released today by the National Association of Realtors (NAR) showed continued gains in existing home prices but a slower market for sales. Completed transactions that include single-family homes, townhomes, condominiums and co-ops declined 5.4% percent in June compared to May. In year-over-year figures, June 2012 was 4.5% higher than June 2011.

June 21, 2012

Sales of existing single-family homes, condominiums and co-ops declined 1.5% to an adjusted annual rate of 4.55 million in May, according to the National Association of Realtors (NAR).

Limited supplies of housing inventory held back existing-home sales, according to the NAR, but sales were up 9.6% over the same month last year.

May 22, 2012

According to the tally from the national Association of Realtors, there’s the beginning of a return to normalcy taking place across housing.

Existing-home sales in April rose to a seasonally adjusted annual rate of 4.62 million, up 3.4% from a downwardly revised 4.47 million in March.

April 19, 2012

Data from the National Association of Realtors (NAR) showed a decline in total existing-home sales for the month of March. 

Sales of existing-homes declined 2.6% to a seasonally adjusted annual rate of 4.48 million in March.

Still, economists from the NAR see signs of a stabilizing market in the figures. 

March 21, 2012

Existing-home sales data released Wednesday by the National Association of Realtors (NAR) declined slightly compared with the previous month but showed gains compared with a year ago.

February existing-home sales came in at a rate of 4.59 million, down 0.9% from 4.63 million in January. Compared with a year ago, completed transactions are 8.8% higher than February 2011.

Sales were up in the Midwest and South, offset by declines in the Northeast and West.

February 28, 2012

The National Association of Realtors (NAR) Pending Home Sales Index rose 2.0% to 97.0 in January, according to data released yesterday.

According to NAR chief economist Lawrence Yun, the numbers inspire hope for an active home-buying season this spring.

January 20, 2012

Existing-home sales increased to a seasonally adjusted annual rate of 4.61 million in December, up 5.0% from a downwardly revised November.

The results released Friday morning by the National Association of Realtors (NAR) marked the third consecutive month of existing-home sales gains. The latest figure from December is also 3.6% higher than the 4.45 million-unit level reported in December 2010.

December 22, 2011

After analyzing several years of data, the National Association of Realtors (NAR) has announced that it overestimated the number of existing homes sold between 2007 and 2010 by 14.3%. This means that 2.9 million fewer homes were sold in the United States during that time period than previously thought.

December 19, 2011

Estimates of existing homes sold over the past five years from the National Association of Realtors (NAR) may have been overblown, the trade organization announced on Dec. 15. 

NAR said it plans to downwardly revise sales of previously owned homes going back to 2007 on Dec. 21, when it releases its monthly home sales report.

November 30, 2011

The Pending Home Sales Index from the National Association of Realtors (NAR) rose in October on both a month-to-month and year-over-year basis.

The forward-looking indicator based on contract signings jumped 10.4% to an index of 93.3 in October, compared with a reading of 84.5 in September. The latest figure is up 9.2% compared with October 2010.

November 21, 2011

According to data released Monday by the National Association of Realtors (NAR), existing-home sales in October rose 1.4% to a seasonally adjusted annual rate of 4.97 million.

Compared to a year ago, the current figure is up 13.5%.

“Home sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditions," said Lawrence Yun, NAR chief economist. "Many people who are attempting to buy homes are thwarted in the process."

October 28, 2011

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 4.6% to 84.5 in September from 88.6 in August but is 6.4% higher than September 2010 when it stood at 79.4, according to the National Association of Realtors. The data reflects contracts but not closings.

October 20, 2011

Total existing-home sales in September decreased 3% to a seasonally adjusted annual rate of 4.91 million from an upwardly revised 5.06 million in August, according to the National Association of Realtors (NAR). The September figure is 11.3% above the 4.41 million-unit pace in September 2010.

This drop in existing-home sales comes just a day after the release of September housing starts, which showed 15% growth. 

September 30, 2011

Pending home sales, an index that tracks contracts signed but deals not yet closed, slipped 1.2% in August 2011, according to figures released Sept. 29 by the National Association of Realtor (NAR).

September 21, 2011

One day can make a big difference in housing industry metrics.

About 25 hours after the release of a disappointing housing starts report, the National Association of Realtors (NAR) said existing-home sales for August increased 7.7% to a seasonally adjusted annual rate of 5.03 million.

The August figure is 18.6% higher than the 4.24 million pace recorded in August 2010.

August 30, 2011

The National Association of Realtors (NAR) has reported a 1.3% decline in pending home sales in July, as measured by signed contracts for the sale of existing homes. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.

The Pending Home Sales Index (PHSI) for July 2011 did rise above last July’s number by 14.4%, however. 

August 18, 2011

The National Association of Realtors (NAR) reported that existing-home sales declined in July compared with June, but have improved compared with a year ago.

Total existing-home sales, which are based on transaction closings of single-family, townhomes, condominiums and co-ops, fell from a seasonally adjusted annual rate of 4.84 million in June to 4.67 million in July, a decrease of 3.5%. However, existing-home sales for July 2011 were 21.0% above the 3.86 million-unit pace in July 2010.

July 20, 2011

Existing-home sales dipped in June by 0.8%, to 4.77 million from 4.81 million in May, according to the National Association of Realtors (NAR). This figure remains 8.8% below the 5.23 million unit level in June 2010, which was the scheduled closing deadline for the home buyer tax credit, the organization noted. 

Sales gains in the Midwest and South were offset by declines in the Northeast and West. Single-family home sales were stable, while the condo sector weakened.

June 21, 2011

Existing-home sales fell 3.8% to a seasonally adjusted annual rate of 4.81 million in May, compared with a downwardly revised 5 million in April, according to statistics released today by the National Association of Realtors.

“Spiking gasoline prices along with widespread severe weather hurt house shopping in April, leading to soft figures for actual closings in May,” said NAR chief economist Lawrence Yun.

May 19, 2011

Existing-home sales decreased 0.8% in April to a seasonally adjusted annual rate of 5.05 million from a downwardly revised 5.09 million in March, according to the National Association of Realtors. The April rate is 12.9% below a 5.80 million pace in April 2010; sales surged in April and May 2010 due to the home buyer tax credit. 

May 11, 2011

Total state existing-home sales, including single-family and condo, rose to a seasonally adjusted annual rate of 5.14 million in the first quarter, up 8.3% from 4.75 million in the fourth quarter, and down 0.8% from a 5.18-million pace during the same period in 2010, according to the National Association of Realtors. 

Existing-home sales showed gains in 49 states and the District of Columbia, while 22% of the available metropolitan areas saw prices rise from a year ago.

April 21, 2011

While analyzing the March numbers for existing-home sales, Lawrence Yun of the National Association of Realtors made a case for low down payments

April 20, 2011

Existing-home sales in March increased 3.7% to a seasonally adjusted annual rate of 5.10 million, the National Association of Realtors (NAR) reported this morning.

February's sales estimate was revised upwards from 4.88 million to 4.92 million. March's estimate is 6.3% below March 2010, when existing-home sales were at a pace of 5.44 million.

March 21, 2011

After three consecutive months of existing-home sales increases, the National Association of Realtors reported a 9.6% drop in completed transactions for February. 

The NAR's existing-home sales figure fell to a seasonally adjusted annual rate of 4.88 million, compared to 5.40 million in January. The February pace is 2.8% below the February 2010 pace of 5.03 million.

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