Improving conditions in the mortgage market bode well for the housing sector in 2008, according to NAR’s latest outlook, including a widening availability of credit at historically favorable mortgage rates and jumbo mortgage rates that have improved since August. NAR’s latest predictions include:
Existing-home sales: 5.78 million in 2007, rising to 6.12 million next year, in [...]
Florida’s existing-home sales held steady last month for the first time in years, as lower prices appeared to help the statewide market stabilize.
Metro Orlando accounted for more than one of every 10 resales across the state in July, according to the Florida Association of Realtors, which reported 11,498 single-family home sales on Monday — just [...]
Economists say the larger-than-expected rise in July U.S. existing home sales doesn’t necessarily point towards stabilization, since more than a third of the sales are related to foreclosures. They also note that a record high inventory level will put downward pressure on prices going forward.The annualized pace of sales in the National Association of Realtors [...]
Home foreclosures may be slowing, and though prices continue dropping, sales are up, possibly indicating a bottom to the national housing crisis may be nearing, some experts say.Home sales in Solano County were up more than 45 percent in July over last year, according to DataQuick Information Services. At just over 47 percent, only Napa [...]
Existing home sales are expected to begin stabilizing late this year, but the housing market is still years away from recovering, analysts said Monday.
Analysts with Stifel, Nicolaus & Co. said they expect the pace of existing home sales to flatten out in the 4.7 million to 5.1 million range for the next 18 months. But [...]
Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 2.6 percent to a seasonally adjusted annual rate of 4.86 million units in June from a pace of 4.99 million in May, and are 15.5 percent lower than the 5.75 million-unit rate in June 2007, according to the National Association of Realtors (NAR).
NAR President [...]