Tag Archive for House Sales

Listed House Sale Closings Rose 74,000 in March, Prices up 5% in Month, 2.5% in Year

The NAR reported today that their members settled 361,000 house sales in March (actual, not seasonally manipulated), up 74,000 from February. The median price rose 5.27% versus February and was up 2.5% versus March 2011. This was the largest monthly percentage price gain since June 2005. The year over year gain was the first significant…

CoreLogic Data Shows House Price Declines Slowing

CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of decline has been slowing sharply. According to CoreLogic, 6 of the 10 largest metropolitan markets in the US showed year over year declines…

No Jobs, No House Sales – Professional Edition

The total number of employed persons remained near the lowest levels since 2005, and the total number of mortgage purchase applications stayed near the lowest levels in 14 years, this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that…

Irrelevant, Immaterial, Misleading and Wrong – Professional Edition

The new house sales data reflects the impact of the ending of the housing tax credit, reflecting severe ongoing weakness. The Case Shiller data is, as usual, irrelevant, immaterial, misleading, and wrong. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within…