May 10, 2011
Existing-home sales rose 8.3 percent nationally in the first quarter from the last three months of 2010, the National Association of Realtors reported today. But sales were 0.8 percent below the 2010 first quarter. The median price in this year's quarter was $158,700, down 4.6 percent from $166,400 the year before. Association chief eonomist Lawrence Yun said lower-priced housing accounted for the largest share of the 2011 quarter's sales because those homes are favored by investors and cash buyers.
February 27, 2012
Sales contracts for existing homes rose 2 percent nationally in January from December and were 8 percent above the first month of 2011, the National Association of Realtors said Monday. In the eight-county Philadelphia region, these "pending" sales, which typically go to settlement within 45 and 60 days of contract-signing, rose 20 percent from December and were 14 percent above January 2011, Prudential Fox & Roach HomExpert reported. Realtors' chief economist Lawrence Yun said "the trend in contract activity implies we are on track for a more meaningful sales gain this year.
February 11, 2010
Existing-home prices in 40 metro areas rose in the fourth quarter of 2009, the National Association of Realtors reported today. The NAR said prices in the Philadelphia region were flat in the quarter from the same period in 2008 - $212,500 versus $212,600. Year-over-year sales were higher in 49 states and the District of Columbia. All but three states had double-digit annual increases. Pennsylvania sales for the fourth quarter were 26.6 percent higher than the 2009 period; New Jersey sales rose 34.1 percent.
October 4, 2010 |
The number of sales agreements for previously owned houses rose nationally in August from July's level but remained well below the same month in 2009, when buyers began taking advantage of the first federal tax credit. The volume of sales contracts rose 4.3 percent in August from July, but were 20.1 percent below the 2009 month, the National Association of Realtors reported Monday. In the eight-county Philadelphia region, sales contracts were 3.8 percent below July's level and 31.1 percent lower than in August 2009, according to data from Prudential Fox & Roach's HomExpert Market Report.
March 29, 2011 |
The number of contracts signed for existing-home purchases rose 2.1 percent in February from January, the National Association of Realtors reported Monday. The number of agreements of sale signed during the month was 8.2 percent below February 2010, the Realtors' association reported. Realtors' chief economist Lawrence Yun said contracts had been trending up since hitting bottom in June 2010. Even with periodic monthly declines, the Realtors' pending-sales index - reflecting agreements of sale that will close in one or two months - was 20 percent above the June low point, which was a consequence of the expiration of the federal housing tax credit April 30. The Realtors' numbers showed that the Northeast recorded the only decline in pending-sales numbers in February - 10.9 percent below January and 18.4 percent below February 2010.
March 22, 2011 |
Sales of previously owned homes fell nationwide in February for the first time in three months, slipping 9.6 percent from January's level, the National Association of Realtors reported Monday. The month's sales were 2.7 percent lower than in February 2010, and the national median price was $157,000, 4.2 percent below the same month last year. (Median is the middle number; half the houses sold for more, half for less.) In the eight-county Philadelphia area, sales fell 4.2 percent from January's levels and were 5.8 percent lower than in February 2010, according to Prudential Fox & Roach's HomExpert Market Report.
July 29, 2011 |
The number of sales contracts for existing homes rose 2.4 percent in June from May, the National Association of Realtors said Thursday. The index that measures these pending sales climbed 19.8 percent from a year earlier, the low point after the April 30, 2010, expiration of the federal home buyers' tax credit. In the eight-county Philadelphia region, pending sales fell 7.8 percent from May but were 12.8 percent higher than a year earlier, Prudential Fox Roach HomExpert reported.
December 30, 2012
"A lot of my contemporaries are feeling the same way, saying, 'Let's just wait and see what these knuckleheads do.' " - John Odland, CFO, MacMillan-Piper Inc., Seattle, regarding negotiations to avoid the fiscal cliff. "Without growth it's not going to be possible in the contemporary world to keep practicing. " - Robert E. Booth Jr., partner, 3B Orthopaedics, on the group's move from independent company to part of Aria Health. "I thought there'd be long lines. " - Vicki Beal, 57 of Malvern, on the comparatively light shopping at King of Prussia Mall on the day after Christmas.
December 8, 2013 |
There is fairly good statistical evidence that the housing recovery has not been a consistent one. In fact, the third quarter, which ended Sept. 30, was a mixed bag regionally, according to economist Kevin Gillen of the University of Pennsylvania's Fels Institute of Government. It's safe to say that home prices were flat regionwide compared with the spring, Gillen said, and that sales, while flat in Philadelphia, surged in the suburbs. For more than a year, I've been taking the idea of all real estate being local as far as possible, invading communities and neighborhoods in the region's eight counties to take their temperatures.
May 19, 2012 |
The nation's Realtors say they have just finished the strongest first quarter in home sales in five years, and sales contracts are pointing to a strong second three months. At the National Association of Realtors' midyear meetings in Washington this week, chief economist Lawrence Yun said "positive underlying economic factors" were helping spur home sales. Among the positives, according to Yun, are high affordability conditions, increased job creation, improving consumer confidence, and an increase in rental costs that make mortgage payments look like a bargain.