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Mar 27

New Home Sales Slip In February

March 27, 2012 By 1 Comment
February 2012 New Home Sales

Sales of "new homes" fell to the lowest levels in four months last month. According to the Census Bureau's monthly New Home Sales report, 313,000 new homes were sold in February 2012 on a seasonally-adjusted, annualized basis, representing a 1.6% drop from the month prior. A "new home" is a home for which there has been no prior owner nor tenant. At first glance, the data looks negative for the housing market; a suggestion that the well-publicized housing market recovery may be slowed. … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: , , , , , , , , , ,
Nov 09

This Holiday Season, Think Twice Before Saving 15 Percent At The Register

November 9, 2011 By 1 Comment

With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong. That's why it's barely November and, already, Black Friday ads clog our mailboxes and the airwaves. Retailers want our dollars and they're offering great deals to early shoppers. There's one discount a smart shopper should think twice, however -- the ever-present "Open A Charge Card Today And Save 15%" … [Read more...]

Filed Under: Neighborhood News Tagged With: , , , , , ,
Sep 29

Case-Shiller Index : 85% Of Tracked Cities Showed Home Price Improvement In July

September 29, 2011 By 4 Comments
caseshiller

Standard & Poors released its monthly Case-Shiller Index this week. The Case-Shiller Index measures home price changes from month-to-month, and year-to-year, in 20 select U.S. cities. It also reports a "national" index; a composite of the values in said cities. The most recent Case-Shiller Index shows a 0.9% rise in home values from June to July 2011. Home values were higher in 17 of the 20 tracked cities. Only Phoenix and Las Vegas fell. Denver was flat. Also noteworthy is that, of … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , ,
Sep 27

Existing Home Sales Jump; Home Supplies Falling

September 27, 2011 By Leave a Comment
existing-home-sept

Are home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. "Existing homes" are homes that are previously owned; ones that cannot be considered new construction. A total of 5.0 million existing homes were sold last month on a seasonally-adjusted, annualized basis. This is slightly better than the 12-month home resale average, a statistic partially … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , ,
Sep 23

Building Permits Rising Nationwide; Housing Starts To Follow

September 23, 2011 By 1 Comment
housingstarts

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A "Housing Start" is defined as a home on which ground has broken. We shouldn't put too much faith in the findings, however. Although housing starts were lower last month, as noted by the Census Bureau, the margin of error in the August Housing Starts report exceeded the actual result. From the official report: August's Published Results : … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , ,
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