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Sales of Pre-Owned Homes Hit Second Highest Level in 8 Years

October 23, 2015 by Rilian Ball

Housing markets show continued strength as the National Association of Realtors® reported that sales of existing homes reached their second highest level since February 2007. Sales of pre-owned homes increased by 4.70 percent and reached 5.55 million sales on a seasonally adjusted annual basis against analyst expectations of 5.34 million sales and August's reading of 5.30 million sales of previously owned homes. August's reading for existing home sales was revised downward from 5.31 million … [Read more...]

Filed Under: Market Outlook Tagged With: Existing Home Sales, Lawrence Yun, The National Association of REALTORS

National Association of REALTORS – Sales of Pre-Owned Homes Dip

September 23, 2015 by Rilian Ball

Sales of previously owned homes dropped in August by 4.80 percent on an annual basis for the first time in four months; the dip was likely caused by rising home prices. August sales were reported at a rate of 5.31 million; July's rate was 5.58 million sales of previously owned homes. Sales of existing homes have risen 6.20 percent year-over-year; stronger labor markets and low mortgage rates were seen as contributing factors. Although economists expect the Federal Reserve to raise its target … [Read more...]

Filed Under: Market Outlook Tagged With: FHFA, Home Price Index, The National Association of REALTORS

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Rilian Ball


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First Capital Group
NMLS# 202687

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