February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of Realtors®. Sales were up in the Midwest and South, offset by declines in the Northeast and West.
In this video, NAR Chief Economist Lawrence Yun discusses the rebenchmarking of EHS data.
Managing Director of Quantitative Research Jed Smith discusses the data from the 2011 Profile of International Home Buying Activity. He covers the draws for foreign buyers of U.S. real estate, the countries they're primarily coming from, and the outlook for international purchases.
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Existing-home sales improved in January from the previous month by 4.3 percent, pointing to improved sales in 2012 if the trend holds. NAR’s forward-looking pending home sales index, with a 2 percent gain in January, also points to sales growth. The latest pending sales level, at 97.0, is at its highest in the last five years, not counting the spikes caused by the home buyer tax credit in 2009 and 2010.
Maybe it’s all the tweeting I’ve been doing (via @realtormag), but 400 words feels like a lot to write about one topic. Instead, a potpourri.
We've compiled 229 tips and trends to help you get where you want to be. Now, the ball's in your court.
What are buyers really thinking, and how can you better assist them? Here’s how to start improving your buyer relationships.
Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago.
NAR Chief Economist Lawrence Yun talks about the upward trend in pending home sales, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago.