Alan Barker's Library tagged "home sales" → View Popular

29 Oct 09

Will the extension of the first time buyer housing credit actually stimulate home sales?

02 Sep 09

Home sales should be strong until November, but December might be the slowest month in modern home sales history

21 Aug 09

National Home Sales were up for the fourth straight month, but compared with a year ago, prices of homes sold were down 15%.

Sales of previously owned homes rose for the fourth straight month in July -- a streak that hasn't occurred since June 2004
The median resale home price dropped 15.1 percent in July compared to the same month last year
4 more annotations...
- distressed homes "continue to weigh down the median price.
- price-to-income ratios have fallen below historical trends, there are more all-cash offers.
- some recovering markets like San Diego, Las Vegas, Phoenix, and Orlando, the demand for foreclosed and lower-priced homes has spiked, and a lack of inventory is becoming a common complaint
- First-time Home Buyer Tax Credit is also helping to boost sales