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Dennis Norman In a just a few days we will say goodbye to 2009; a year that has been brutal to the housing market. So as the new year comes in, what will 2010 hold in store for the housing market? To answer this question I turned to the housing forecast just released by Fannie [...] 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 I came across an interesting chart that I want to share. The chart below, courtesy of Chart of the Day, shows median home prices in the U.S. since 1970 (adjusted for inflation). As you can see from the chart, home prices trended upward from 1970 until peaking in the late 70′s (right around 1979 [...] 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 Lawrence Yun, Chief Economist, NAR We continue to see some encouraging data on the real estate market showing that buyers may be gaining some confidence in the market. To this point, the National Association of REALTORS(R) Pending Home Sales Index Report for May showed a very modest increase of 0.1% on the index, over April, making [...] |
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