More Bullish Data : Housing Starts Climb 3.6%

Nov 23

More Bullish Data : Housing Starts Climb 3.6%

November 23, 2012 By Jessica Wilkie 1 Comment

According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units. A "housing start" is a new home on which construction has started and the report gives buyers and sellers across DC yet one more reason to be optimistic for the 2013 housing market. Regionally, Housing Starts varied. The West and Midwest Regions posted gains between … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Census Bureau, Existing Home Sales, Housing Starts, Midwest Region, National Association of Realtors, New Year, Northeast Region, Single-family detached home, United States Census Bureau, United States Department of Housing and Urban Development

Oct 24

Home Supplies Drop To Multi-Year Low

October 24, 2012 By Joshua Oliver Leave a Comment

As the third quarter closed, home resales showed considerable momentum nationwide. The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago. An "existing home" is a home that's been previously occupied; a resale. The reading marks the second-highest tally of the year -- second only to August 2012 when 4.83 million homes were sold on a … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, foreclosure, NAR, National Association of Realtors, real estate, Real estate pricing, Sales, September, U.S. Housing Market, washington dc

Sep 25

Existing Home Sales Leap To 2-Year High

September 25, 2012 By Jessica Wilkie 1 Comment

The home resale market put forth another strong data set last week. Home sales prices are higher nationwide and sales volume has moved to a 2-year high. According to the National Association of REALTORS®, 4.82 million "existing homes" sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011. An existing home is a home which has been previously occupied. Home sales were unevenly … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: August, dc, District of Columbia, Existing Home Sales, Existing Housing Supply, First-time buyer, Mortgage loan, NAR, National Association of Realtors, Percentage, real estate, Real estate pricing, Sales, washington dc

Apr 27

Pending Home Sales Index Crosses The 100 Barrier

April 27, 2012 By Joshua Oliver 1 Comment

After a series of worse-than-expected data last month, the housing market appears to be back on track. The Pending Home Sales Index posted 101.4 in March, a four percent gain from the month prior and the index's highest reading since April 2010 -- the last month of that year's federal home buyer tax credit. A "pending home" is a home under contract to sell, but not yet closed. The Pending Home Sales Index is tracked and published by the National Association of REALTORS® … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Case-Shiller Index, Existing Home Sales, NAR, National Association of Realtors, New Home Sales, Pending Home Sales Index, Real estate economics, Real estate pricing, washington dc

Feb 29

Pending Home Sales Rise To 22-Month High

February 29, 2012 By Mark Mlakar Leave a Comment

The housing market appears headed for a strong spring season. After a brief setback in December, the Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. The data puts pressure on DC home buyers. This is because a "pending home" is a home that's under contract to sell, but has not yet sold. It's tracked by the National Association of REALTORS® and, among all housing statistics, it's the only one that's "forward-looking". The Pending Home … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, NAR, National Association of Realtors, Pending Home Sales, Pending Home Sales Index, real estate, Real estate economics, Real estate pricing, washington dc

Jan 24

Existing Home Sales Approach Bull Market Territory

January 24, 2012 By Jessica Wilkie 2 Comments

Existing Home Supply January December 2011

The housing market finished 2011 with strength, and is carrying measurable momentum into 2012. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high. An "existing home" is a home that's been previously occupied; that cannot be considered new construction. After 4.61 million existing homes were sold in December, … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, Home inspection, NAR, National Association of Realtors, real estate, Real estate pricing, Sales, U.S. Housing Market, washington dc

Dec 30

Pending Home Sales Index Rises Back Above 100

December 30, 2011 By Justin Paulhamus 5 Comments

Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage. The Pending Home Sales Index rose 7 percent in November to rise to its highest level since April 2010, the last month of last year's home buyer tax credit program. The Pending Home Sales Index is published monthly by the National Association of REALTORS®. It measures homes under contract nationwide, but not yet "sold". In this way, the Pending Home … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: District of Columbia, Existing Home Sales, National Association of Realtors, New Home Sales, Pending Home Sales Index, real estate, Real estate economics, washington dc

Dec 22

Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong

December 22, 2011 By Justin Paulhamus 2 Comments

Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. According to the National Association of REALTORS®, November's Existing Home Sales rose to a seasonally-adjusted, annualized 4.42 million units nationwide -- a 4 percent climb from October 2011. An "existing home" is a home that has been previously occupied and cannot be categorized as new construction. Home buyers and sellers throughout DC should take note of … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, Home inspection, Housing Starts, Mortgage loan, National Association of Realtors, November, real estate, Real estate pricing, Seasonal adjustment

Dec 02

More Housing Strength : Pending Home Sales Surged In October

December 2, 2011 By Jessica Wilkie 2 Comments

If you're waiting for home prices to reach its bottom, you may have missed your window. After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery. The Pending Home Sales Index is a monthly publication from the National Association of REALTORS®. It measures the number of homes under contract to sell nationwide. October's reading is the highest for all of 2011, and the second-highest dating … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, Mortgage loan, National Association of Realtors, National Association of REALTORS®, New Home Sales, October, Pending Home Sales, Pending Home Sales Index, Real estate pricing, Sales, washington dc

Nov 23

More Sales, Less Inventory : Home Prices Headed Higher?

November 23, 2011 By Jessica Wilkie 1 Comment

The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, October Existing Home Sales gained 70,000 units as compared to September, registering 4.97 million existing homes sold overall. An "existing home" is a home that has been previously occupied and, as compared to … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, Freddie Mac, Mortgage loan, NAR, National Association of Realtors, real estate, Real estate pricing, Short (finance), washington dc