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Dennis Norman Beginning last November I have written several articles about the “sugar-rush” effect of tax credits and other stimulus on the housing market and voicing my concern that these things are short lived (like a sugar rush on a child) and after the sugar wears off there is a crash….Well, as expected, here it [...]
Dennis Norman Last month I said that I expected to see some elevated numbers in the existing home sales report for May and June since this report would reflect the actual closing of the home purchases from buyers that raced to buy before the April 30th home-buyer tax credit deadline. Even though Congress has [...]
Dennis Norman May and June Sales Expected to Remain Elevated as Buyers Rush to Close By June 30th Deadline for Tax Credits. The deadline to buy a home and qualify for the home-buyer tax credit was April 30th so it’s not surprising we saw pending home-sales increase dramatically in March and April as buyers rushed to [...]
Dennis Norman Sales increased for second consecutive month- With the home-buyer tax credits ending April 30th, it’s not surprising that we saw an increase of home sales in March, and now in April, as buyers rushed to buy before the deadline to have a congract of April 30, 2010. According to the latest report from [...] Dennis Norman According to the latest report from the National Association of REALTORS(R), existing home sales in the US in March increased 6.8 percent to a seasonally adjusted-annual rate of 5.35 million units in March from a revised level of 5.01 million units in February, and increased 16.1 percent from a year ago when the [...] Dennis Norman According to the latest report from the National Association of REALTORS(R), existing home sales in the US in February decreased 0.6 percent to a seasonally adjusted-annual rate of 5.02 million units in February from a revised level of 5.50 million units in January, however this does represent an increase of 7.0 percent from [...]
Dennis Norman According to the latest report from the National Association of REALTORS(R), existing home sales in January decreased 7.2 percent to a seasonally adjusted-annual rate of 5.05 million units in January from a level of 5.44 million units in December, however this does represent an increase over a year ago when the rate was [...]
Dennis Norman NAR’s “seasonally-adjusted” numbers show sales down 16.7 percent for the month…2009 finishes with 5,156,000 homes sold…My projection for the year was 5,143,000 homes….missed it by 13,000 (2/10 of 1 percent) hmm..not bad for a “non-economist” :) According to the latest report from the National Association of REALTORS(R), existing home sales in December decreased 16.7 [...]
Dennis Norman NAR’s “seasonally-adjusted” numbers show sales up 7.4 percent for the month…”actual” numbers show a 5.2 percent decrease….Sales up 44 percent from last year, lest we not forgot last year was the worst in over 10 years… According to the latest report from the National Association of REALTORS(R), existing home sales in November increased 7.4 [...] Dennis Norman National Association of REALTORS Report: According to the latest report released today from the National Association of REALTORS(R), existing home sales in October jumped 10.1 percent to a seasonally adjusted-annual rate of 6.10 million units in October from a revised level of 5.54 million in September, and are 23.5 percent higher than the 4.94 [...] Dennis Norman According to the latest report released today from the National Association of REALTORS(R), existing home sales in September jumped 9.4 percent to a seasonally adjusted-annual rate of 5.57 million units in September from a level of 5.09 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008. [...] Dennis Norman According to the latest report released today from the National Association of REALTORS(R), existing home sales in August dropped 2.7 percent to a seasonally adjusted rate of 5.1 million units down from a level of 5.24 million units in July. This drop follows four-consecutive months of increases in the pace of existing home [...] Dennis Norman By: Dennis Norman The good news about the real estate market keeps coming! Don’t get too excited yet, I don’t know that the worst of it is over yet, not sure if the “fat lady has sang” yet or not, but at least the reports lately on the market have been encouraging. According to the [...] Dennis Norman By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for June showing an increase in sales for the 3rd month in a row and rising prices for the month in all regions of the U.S. Existing home sales, including single-family, town-homes, condominiums and co-ops increased 3.6% in June to [...] By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for May showing an increase in sales for the 2nd month in a row. This is the first time we’ve seen two consecutive months of sales increases in almost 4 years. Sales for May were at a seasonally-adjusted annual rate of 4,770,000 homes which is a [...] Dennis Norman By: Dennis Norman Yesterday the National Association of REALTORS(R) released its existing home sales report for April showing a slight increase in sales of 2.9% over March. Sales for April were at a seasonally-adjusted annual rate of 4,680,000 homes which is down 3.5% from last year, which means in year over year numbers things are improving because last months annual rate [...] Dennis Norman By: Dennis Norman Existing home sales in Florida rose in April by 18 percent over a year ago and were up slightly from March. Condo sales in Florida were up 21% in April from a year ago and up over 6% from March. This increased activity is, at least in part, a result of significantly lower prices…the [...] By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for March showing sales in the U.S. dropped 3% from February and were down 7.1% from last year. The Northeast saw the biggest drop in sales coming in 8% below February and the Midwest fared the best coming in with numbers the same as [...] By: Dennis Norman Dennis Norman Yesterday the National Association of REALTORS(R) released its existing home sales report for February and it contained some good news. According to the report existing home sales in the U.S. increased 5.1% in February over January although the rate is still down 4.6% from the same time last year. Granted it takes [...] By: Dennis Norman If you live in Los Angeles California or Orlando Florida, then the answer unfortunately is yes. However if you live in St. Louis Missouri, Louisville Kentucky, Boston Massachusetts, Houston Texas, Greenville South Carolina or any of dozens of metropolitan areas around the country the answer is no. So why then, for the past 2 days has the media been [...] By: Dennis Norman This morning the National Association of REALTORS(R) released data for existing home sales for November. The numbers show sales of existing homes down 8.6% nationwide versus October and down 10.6% versus last year. The Northeast saw the biggest decline in sales being down 12.0% versus last month and 18.0% versus last year. The west region only [...] |
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