Showing posts with label sales. Show all posts
Showing posts with label sales. Show all posts
Tuesday, April 8, 2014
Existing Home Sales Surged in November
Existing home sales continued their strong recent trend in November, gaining 5.9% from the previous month to reach an annualized pace of 5.0 million units. November’s pace is 14.5% above the pace seen one year ago, this is the strongest growth in over three years. Although Hurricane Sandy caused disruptions in affected areas, gains elsewhere more than offset the weakness.
Although Hurricane Sandy caused disruptions in the Northeast, the region was resilient, seeing a 6.9% increase in home sales. The Midwest and South both saw strong gains in November as well, increasing 7.2% and 7.9% respectively. The West continues to lag the recovery, improving just 0.5% in November.
Distressed sales accounted for just 22% of sales in November, down from 24% the previous month and 29% one year ago. As a result of the falling share of distressed homes, median prices rose, reaching $180,600 in November, a 2.0% improvement month-over-month and 10.1% above year-ago levels.
The supply of existing homes on the market continues to tighten from historically low levels. Supply fell for the fifth consecutive month, reaching 4.8 months in November, its lowest level in over seven years. Supply of existing homes on the market is now 32% below year-ago levels.
Read the NAR report.
ReadThe RestEntry..
Although Hurricane Sandy caused disruptions in the Northeast, the region was resilient, seeing a 6.9% increase in home sales. The Midwest and South both saw strong gains in November as well, increasing 7.2% and 7.9% respectively. The West continues to lag the recovery, improving just 0.5% in November.
Distressed sales accounted for just 22% of sales in November, down from 24% the previous month and 29% one year ago. As a result of the falling share of distressed homes, median prices rose, reaching $180,600 in November, a 2.0% improvement month-over-month and 10.1% above year-ago levels.
The supply of existing homes on the market continues to tighten from historically low levels. Supply fell for the fifth consecutive month, reaching 4.8 months in November, its lowest level in over seven years. Supply of existing homes on the market is now 32% below year-ago levels.
Read the NAR report.
Friday, April 4, 2014
Existing Home Sales Fell in June
Existing-home sales slowed 5.4% in June, declining to an annualized pace of 4.37 million units. This is the slowest pace since last October. Compared with the first quarter of this year, sales are down by an annualized 2.6%. Nonetheless, the second quarter pace of sales is the second fastest in the last two years.
The decline in June sales was broad-based across regions, with the Northeast faring the worst and the Midwest faring the best.
Inventory of existing homes rose slightly in June, reaching 6.6 months, up from 6.4 the previous month. The increase was driven by a drop in demand. Listings of homes for sale fell as well, by 3.2%, likely a result of fewer distressed listings.
The average median home price continued to appreciate in June as a result of a declining share of distressed sales. The median home price increased 0.9% over the previous month in June to $189,400. This level is 7.9% above year-ago levels. The share of distressed sales dropped to 25% in June from 30% the previous year.
Read the NAR release.
ReadThe RestEntry..
The decline in June sales was broad-based across regions, with the Northeast faring the worst and the Midwest faring the best.
Inventory of existing homes rose slightly in June, reaching 6.6 months, up from 6.4 the previous month. The increase was driven by a drop in demand. Listings of homes for sale fell as well, by 3.2%, likely a result of fewer distressed listings.
The average median home price continued to appreciate in June as a result of a declining share of distressed sales. The median home price increased 0.9% over the previous month in June to $189,400. This level is 7.9% above year-ago levels. The share of distressed sales dropped to 25% in June from 30% the previous year.
Read the NAR release.
Saturday, March 15, 2014
New Home Sales Rose 3 3 in April
New home sales improved 3.3% in April to an annualized pace of 343,000 units in April. The Census report also revised up March’s pace by 1%. The pace of new home sales is now nearly 10% above its year-ago levels.
Similarly to existing home sales, gains in new home sales were widespread geographically, with only the south reporting a decline in sales in April. Sales in the Midwest and West were both strong.
Supply of new homes on the market remains extremely tight at 5.1 months. This measure has remained below the six month mark for the past six months, indicating an extremely tight supply. This is a result of an extremely low level of new construction.
Although the median home price fell in April, to $230,000, there are signs of firming prices. The median home price is a volatile measure month to month, but in April, the median price is 4.9% above one year ago.
Read Census report.
ReadThe RestEntry..
Similarly to existing home sales, gains in new home sales were widespread geographically, with only the south reporting a decline in sales in April. Sales in the Midwest and West were both strong.
Supply of new homes on the market remains extremely tight at 5.1 months. This measure has remained below the six month mark for the past six months, indicating an extremely tight supply. This is a result of an extremely low level of new construction.
Although the median home price fell in April, to $230,000, there are signs of firming prices. The median home price is a volatile measure month to month, but in April, the median price is 4.9% above one year ago.
Read Census report.
Wednesday, March 5, 2014
Existing Home Sales Rose In November
Existing home sales increased in November, rising 4% to an annualized pace of 4.42 million units according to a National Association of Realtors report released this morning. Despite the encouraging growth this report included significant downward revisions to sales dating as far back as January 2007. Even with the downward revisions sales have grown 12.2% year-over-year in November. Some of this year-over year strength can be attributed to slow sales in November 2010 following the expiration of the federal homebuyer tax credit.
Existing home sales were revised down by 14.5% from a pace of 4.97 million to 4.25 million. These revisions extended all of the way to the beginning of 2007. The revisions reduced 2010 existing home sales by nearly 14.8%. There were also significant revisions in the number of homes listed for sale. Despite these revisions historical growth rates for existing home sales remain relatively unchanged.
Growth in November was seen across all regions, with the Northeast posting the strongest gains of 9.8% in November. The South saw the least improvement, rising 2.4% in November.
The months of homes available for sale continued to fall in November to 7.0, down from 7.7 the previous month. After incorporating downward revisions, this is the lowest level seen this year. These declines have been led by falling home inventory, rather than strong sales growth.
The median home price rose to $164,200 in November, up from $160,800 last month. Despite this, home sales remain 3.5% below their level one year ago.
Read the report.
ReadThe RestEntry..
Existing home sales were revised down by 14.5% from a pace of 4.97 million to 4.25 million. These revisions extended all of the way to the beginning of 2007. The revisions reduced 2010 existing home sales by nearly 14.8%. There were also significant revisions in the number of homes listed for sale. Despite these revisions historical growth rates for existing home sales remain relatively unchanged.
Growth in November was seen across all regions, with the Northeast posting the strongest gains of 9.8% in November. The South saw the least improvement, rising 2.4% in November.
The months of homes available for sale continued to fall in November to 7.0, down from 7.7 the previous month. After incorporating downward revisions, this is the lowest level seen this year. These declines have been led by falling home inventory, rather than strong sales growth.
The median home price rose to $164,200 in November, up from $160,800 last month. Despite this, home sales remain 3.5% below their level one year ago.
Read the report.
Friday, February 14, 2014
Retail Sales Increased 0 3 in November
Retail sales reversed the previous month’s loss in November, rising 0.3%. Auto dealers were primarily responsible for the gain, as core sales (excluding autos and gasoline) rose by just 0.7%. Despite the modest overall rise there were big moves within individual segments. Year-over-year growth held steady at 3.7% in November.
Non-store retailers saw strong gains in November rising 3% over the previous month, about three times their recent average. The strong growth contributed 0.3% to overall growth. Electronics and appliances stores also saw strong growth, rising 2.5%. Rebuilding from Hurricane Sandy likely contributed to the strong 1.6% growth in sales at building materials stores.
Sales fell the most sharply at Gasoline stations, falling 4.0% over the month. The decline in gasoline sales was likely a direct result of lower gasoline prices. Sales also fell unusually sharply at general stores, which were down 0.9%.
Read the Census report.
ReadThe RestEntry..
Non-store retailers saw strong gains in November rising 3% over the previous month, about three times their recent average. The strong growth contributed 0.3% to overall growth. Electronics and appliances stores also saw strong growth, rising 2.5%. Rebuilding from Hurricane Sandy likely contributed to the strong 1.6% growth in sales at building materials stores.
Sales fell the most sharply at Gasoline stations, falling 4.0% over the month. The decline in gasoline sales was likely a direct result of lower gasoline prices. Sales also fell unusually sharply at general stores, which were down 0.9%.
Read the Census report.
Tuesday, February 4, 2014
Existing Home Sales Rose 3 4 In April
Existing home sales accelerated 3.4% in April to an annual pace of 4.6 million units, up from the 4.5 million units reported in March. After falling in March, home sales are now back near the rapid pace set in January. January’s pace was the strongest since mid-2010. April’s pace is 10% faster than at this time last year.
April’s increase in sales was broad based, with all regions reporting improved sales. The gains ranged from 5.1% in the Northeast, to 1.0% in the Midwest.
The supply of existing homes on the market increased 9.5% to 6.6 months, its highest level since November. A surge in homes listed for sale drove the inventory up despite the faster pace. April’s growth in listings is the strongest one month gain since 2006, indicating that homeowners are beginning to gain confidence in the market.
House prices rose notably in April, with median home price rising 10.1% to $177,400. Home price appreciation is being driven by a declining share of distressed homes sold. According to the NAR, the share of distressed sales fell from 37% one year ago to 28% in April.
Read the report.
ReadThe RestEntry..
April’s increase in sales was broad based, with all regions reporting improved sales. The gains ranged from 5.1% in the Northeast, to 1.0% in the Midwest.
The supply of existing homes on the market increased 9.5% to 6.6 months, its highest level since November. A surge in homes listed for sale drove the inventory up despite the faster pace. April’s growth in listings is the strongest one month gain since 2006, indicating that homeowners are beginning to gain confidence in the market.
House prices rose notably in April, with median home price rising 10.1% to $177,400. Home price appreciation is being driven by a declining share of distressed homes sold. According to the NAR, the share of distressed sales fell from 37% one year ago to 28% in April.
Read the report.
Monday, January 27, 2014
Retail Sales Rose 1 1 in September
Consumers increased their spending in September, with retail sales growing 1.1% over the month. The growth in September follows an upwardly revised August growth of 1.2%, making for the third consecutive monthly gain. September’s strength was led by electronics and appliance stores and non-store retailers largely due to iPhone 5 sales and sales at gasoline stations and auto dealers.
Core retail sales (excluding autos and gas) rose by 0.9%, up from the 0.3% the previous month. Growth from a year ago accelerated to 5.4% in September, up from the 5.0% reported in August.
Electronic and appliances saw the strongest gains in September, rising 4.5% over the month, followed by gasoline stations rising 2.5% over the month.
Auto dealers, grocery stores, and building supply stores all posted average to slightly above average growth. Departments stores were the only major category displaying weakness, with sales fall 0.2% in September.
Read the Census report.
ReadThe RestEntry..
Core retail sales (excluding autos and gas) rose by 0.9%, up from the 0.3% the previous month. Growth from a year ago accelerated to 5.4% in September, up from the 5.0% reported in August.
Electronic and appliances saw the strongest gains in September, rising 4.5% over the month, followed by gasoline stations rising 2.5% over the month.
Auto dealers, grocery stores, and building supply stores all posted average to slightly above average growth. Departments stores were the only major category displaying weakness, with sales fall 0.2% in September.
Read the Census report.
Monday, October 28, 2013
Everything You Should Know About Property Sales
By Peter Duncan
If you sell real estate, what you get out of it is dependent upon everything you put in it. The vendor who may be most informed and educated will usually reap the very best in real estate arm themselves with information.This information is packed with tips and techniques will ensure you are a properly-informed property seller.
Make sure that you put some effort to liven up your property before displaying it or holding an open house. Clean the carpets, get the walls painted, and retain a respected cleaning company to deep clean your entire home.Investing also a little bit into the look of your property before selling it is easily justified with the results.
This may boost its inclusive value.Just about the most profitable home improvements is restoring an older kitchen.
Look around your premises and select every item which are not pleasing for the eye. Put small appliances away. While it may look silly to put your toaster, your counter can look cluttered.
When its time to create the listing data for your home, carefully opt for the regards to sale and price level. You might want to consider including appliances or other items to have more attractive to buyers.You might want to also clearly note which items will probably be excluded from the sale. These terms needs to be clearly outlined in a contract.
The roof has to be in good shape before you place your property. A roof that has to have work or has issues will almost certainly shut off lots of repair will deter many people and might make them think there are more problems they cant see. In the event you havent repaired the roof before your residence goes out there, offer buyers a set amount of money for fixing the roof themselves.
If pets live in your home, minimize the pet odors at home by putting your dog outside whenever possible. Even little tiny dogs do delay odors, but you could be so used to the scent that you will no longer notice it. A better option could possibly be to obtain your rugs and carpets prior to let your home be viewed. A property that smells nice will be more liked by possible ways to impress a potential buyer.
Clean windows will improve the lighting of your residence, making your house feel new again.Buyers will surely see the results, but dont have to know it took you hours to scrub them.
You are going to soon go to the sobering conclusion that you are currently in considerably more energy and time applying this process. There are a variety of resources that assist sellers manage the sell, however, these resources may drain make money from your sale.
Once your buyer comes by, be elsewhere than home. A buyer wont feel as his own home. This plan may hinder the bud.
If you would like sell business-related property, you must hire someone who concentrates on this unique real estate. Examples include restaurants, a retail location, stores, and offices. A real estate agent who knows what theyre doing will easily be capable of match you with buyers which can be ideal for your property.
This will likely allow any possible buyers an unobstructed look at the dwelling you want to sell. In addition, it helps to make the impression that your home is well cared for and well-kept. A wonderful exterior will let their first impression of your property influence their ultimate decision.
The real estate market often may seem like a crap-shoot. Try avoiding complications using the tips above. Your home will sell easier when you focus on the little things.
About the Author:
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Monday, October 21, 2013
New Home Sales Fell in December
New home sales finished 2011 on a negative note, with December’s pace of sales falling 2.2% from November to an annualized pace of 307,000 units. This pace is 7.3% below the pace seen in December 2010. The supply of new homes remains well balanced as prices continue to decline.
The decline was led by the South, where the pace of new home sales fell 10.1%. This decline may have been, in part, a correction from November’s 14.8% growth in November. The only other region to slow was the Midwest, falling 3.7%. The Northeast saw sales jump by 46.7%, however, this increase had little effect on national levels, as the Northeast represents only 7% of national sales. Sales in the West increased 9%.
The supply inched up in December to 6.1 months, but remains below the 6-month average of 6.4 months supply. Prices continued to fall in December, with the median home price falling 7% from November to $201,100. This price level is 17% below the median price seen one year ago.
Read the report.
ReadThe RestEntry..
The decline was led by the South, where the pace of new home sales fell 10.1%. This decline may have been, in part, a correction from November’s 14.8% growth in November. The only other region to slow was the Midwest, falling 3.7%. The Northeast saw sales jump by 46.7%, however, this increase had little effect on national levels, as the Northeast represents only 7% of national sales. Sales in the West increased 9%.
The supply inched up in December to 6.1 months, but remains below the 6-month average of 6.4 months supply. Prices continued to fall in December, with the median home price falling 7% from November to $201,100. This price level is 17% below the median price seen one year ago.
Read the report.
Sunday, July 28, 2013
Existing Home Sales Fell in February
Existing home sales fell by 0.9% to 4.59 million annual units in February. The decline is due to a strong upward revision in January’s sales, as February’s pace is stronger than January’s initially reported pace. January’s pace of home sales was revised up from 4.57 million units per year to 4.63 million. As a result, despite February’s slight decline, sales are running 4% faster in the three months ending February than the three months ending in November.
Months’ supply of homes on the market increased to 6.4 million however part of this increase was due to increased listings. The median house price appreciated in February by 0.3% versus a year ago to $156,600. After adjusting for seasonal factors the appreciation of prices was 1.6% from the previous month.
Read the report.
ReadThe RestEntry..
Months’ supply of homes on the market increased to 6.4 million however part of this increase was due to increased listings. The median house price appreciated in February by 0.3% versus a year ago to $156,600. After adjusting for seasonal factors the appreciation of prices was 1.6% from the previous month.
Read the report.
Friday, May 17, 2013
Retail Sales Fell 0 5 in June
Retail sales declined 0.5% in June, the third consecutive monthly decline. Excluding autos, sales fell 0.4% as declines were broad-based in June. Revisions to growth in May were minor, but April sales were revised lower to -0.5% from the previously revised -0.2% reported last month.
Falling gasoline prices played a part in June’s decline as gasoline stations sales led the fall. Building supply stores and sporting goods and hobby stores also experienced larger declines.
The only bright spot to the report was nonstore retailers, but their sales were small and also lagged recent trends.
While retail sales remain above year-ago levels, the growth slowed to 3.8%, the first time growth has been below 4% since August 2010.
Read the report.
ReadThe RestEntry..
The only bright spot to the report was nonstore retailers, but their sales were small and also lagged recent trends.
While retail sales remain above year-ago levels, the growth slowed to 3.8%, the first time growth has been below 4% since August 2010.
Read the report.
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