Existing Home Sales Slip In March

In March, for the second straight month, home resales slipped nationwide. According to the National Association of REALTORS®, March 2012 Existing Home Sales fell to 4.48 million units on a seasonally-adjusted annualized basis — a 3 percent drop from February. An “existing...

Nevada Relinquishes “Top Foreclosure State” Title

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. The...

Single-Family Housing Starts Slip 0.2% In March

Tuesday, the government released its March 2012 New Residential Construction report.  The report is made up of three sections, each related to a phase of the “new home” market. The report’s first part is Building Permits; the second is Housing Starts; the third is Housing...

Homebuilder Confidence Slips 3 Points In April

For the first time in 3 months, homebuilder confidence has slipped.  As measured by the National Association of Homebuilders, the Housing Market Index dropped three notches in April to a reading of 25. The report measures homebuilder confidence in the newly-built, single-family housing...

Case-Shiller Shows Uneven Recovery For U.S. Housing

Recent data suggests that the U.S. housing market is in recovery. However, the data also shows this to be an uneven recovery. According to the monthly S&P/Case-Shiller Index, for example, home values rose in three of 20 tracked markets between December 2011 and January 2012. 17 tracked markets showed...

Pending Home Sales Index Remains Strong Into Spring

The housing market took a step back in February, but remains near post-recession highs. According to data from the National Association of REALTORS®, February’s Pending Home Sales Index slipped 0.5 percent from the month prior, to 96.5. The Pending Home Sales Index is a monthly report which...

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