Posts filed under “Real Estate”

Existing Home Sales Slip 5th Consec Month

Wsj_econom_20060228185110WSJ:   "Sales of existing homes fell in January for the fifth straight month, and the inventory of unsold homes rose, providing more evidence of weakening in the housing market.

The National Association of Realtors said sales of existing homes, which account for about 80% of the residential market, fell 2.8% from December to an annual rate of 6.56 million units. While prices were unchanged from December, the number of unsold homes increased 2.4% to 2.91 million, a 5.3-month supply that is the largest in almost eight years.

Compared with a year ago, the annual pace recorded in January was 5.2% slower, prices were up 11.6% and the supply of unsold homes jumped 43.2%. The recent trends indicate that the balance of power in the housing market, which clearly tipped in favor of sellers over the last few years as home values soared, is gradually shifting to buyers.

Condominium sales plummeted 10.6% from December, and the average sales price fell to $216,900 from $225,200 but was still 5.5% higher than a year ago. Sales of single-family homes slipped 1.5%, but the average price increased to $210,500, a 13.1% gain over the past year."

I’m runnin’ late, so not much more to add (although, is further comment really necessary?)


Existing-Home Sales Fall Again;
Consumer Confidence Wanes

WSJ, March 1, 2006; Page A2

Category: Real Estate

Home Foreclosure Surge

Category: Consumer Spending, Data Analysis, Economy, Real Estate

Greg Ip Discovers Data Manipulation

Category: Data Analysis, Real Estate

New Homes Sales: 4th Drop in 6 months

Category: Fixed Income/Interest Rates, Real Estate

Home Prices Decellerate

Category: Real Estate

Housing Market & the Economy

Category: Economy, Real Estate

Tools for Finding a Mortgage

Category: Federal Reserve, Real Estate

The Real Estate Soufflé

Category: Economy, Markets, Real Estate

“Priced out of Brooklyn”

Category: Data Analysis, Earnings, Economy, Real Estate

Top Ticking Real Estate is Different Than Stocks

Category: Investing, Markets, Psychology, Real Estate, Trading