Sales of existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, according to the National Association of Realtors®.
NAR’s 2011 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2010, shows vacation-home sales accounted for 10 percent of transactions last year while the portion of investment sales was 17 percent, both unchanged from 2009.
Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors®.
Existing-home sales fell in February following three straight monthly increases.
NAR's 2011 Community Preference Survey explores Americans' wants regarding neighborhood characteristics such as proximity to parks and shopping, walkability, and commuting time, and the trade-offs in home type and size that people may be willing to accept in order to obtain those neighborhood preferences. The survey reveals that most Americans would like to live in walkable communities where shops, restaurants, and local business are within an easy walk from their homes, as long as those communities can provide detached single-family homes.
Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June.
A stabilization trend is taking place in commercial real estate sectors, but in most markets rent will remain soft except for multifamily rentals, according to the National Association of Realtors®.
The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels.
Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®.
Pending home sales improved further in December, marking the fifth gain in the past six months.