GREATER NASHVILLE HOME SALES INCREASE AT MID-YEAR
Press Release: Greater Nashville Association of REALTORS®; 070312
NASHVILLE, Tenn. (July 3, 2012) – There were 2,453 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®. That figure is up 20.8 percent compared to the 2,031 closings reported for June 2011.
Second-quarter numbers are up, with 7,139 closings reported, a 24.7…Continue
Added by Kenneth Bargers on July 6, 2012 at 9:56am — No Comments
Article by: National Association of REALTORS®; Daily Real Estate News, Thursday, April 26, 2012
MARCH PENDING HOME SALES RISE, MARKET RECOVERING
Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an…Continue
Added by Kenneth Bargers on April 26, 2012 at 9:08pm — No Comments
Article by: Daily Real Estate News (March 23, 2012)
30-Year Mortgage Rates Edge Above 4%
Mortgage rates moved up quite a bit this week, following higher bond yields and improving economic data, Freddie Mac reports in its weekly mortgage market survey.
“Mortgage rates are catching up with increases in U.S. Treasury bond yields, placing the average 30-year fixed mortgage rate above 4 percent for the first time since the end of October 2011,” says…Continue
Added by Kenneth Bargers on March 24, 2012 at 10:25am — No Comments
Article by: Daily Real Estate News (March 21, 2012)
February Existing-Home Sales Slip But Up Strongly From a Year Ago
February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of REALTORS®. Sales were up in the Midwest and South, offset by declines in the Northeast and West.
Total existing-home sales, which are…Continue
Added by Kenneth Bargers on March 21, 2012 at 5:01pm — No Comments
Article by: Greater Nashville Association of REALTORS®
GREATER NASHVILLE HOME SALES INCREASE OVER 33 PERCENT IN FEBRUARY … Pending Sales Continue to Rise
NASHVILLE, Tenn. (March 8, 2012) – There were 1,515 home closings reported for the month of February, according to figures provided by the Greater Nashville Association of REALTORS®.
This represents an increase of 33.6 percent from the 1,134 closings reported in February 2011. Year-to-date…Continue
Added by Kenneth Bargers on March 9, 2012 at 9:45am — No Comments
Article by: Greater Nashville Association of REALTORS®
2012 HOME SALES BEGIN WITH INCREASE
NASHVILLE, Tenn. (Feb. 9, 2012) – There were 1,377 home closings reported for the month of January, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 25 percent from the 1,101 closings reported for the same period last year.
“The New Year has started with positive news for home sales in the Greater Nashville…Continue
Added by Kenneth Bargers on February 14, 2012 at 11:34am — No Comments
Article by: National Association of Realtors, (January 20, 2012)——————-
DECEMBER EXISTING-HOME SALES SHOW UPTREND
Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®.
The latest monthly data shows total existing-home sales rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from…Continue
Added by Kenneth Bargers on January 21, 2012 at 10:22am — No Comments
Several recent indicators for the real estate industry are pointing to a market that is on the mend and entering recovery mode.
Housing experts’ predictions for the new year tend to center around a market stabilizing before entering a gradual, albeit very slow, recovery. However, the tone is more upbeat than it has been in years for the housing market.
Here are a few of the signs that are showing the market moving in a more positive direction:
Added by Kenneth Bargers on January 17, 2012 at 7:29pm — No Comments
Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain.
The last time the index was higher…Continue
Added by Kenneth Bargers on December 29, 2011 at 6:17pm — No Comments
Sales ticked up for existing homes and new homes, several real estate market indicators revealed last week, pointing to a housing market that may finally be entering recovery mode.
In the most recent report, the Census Bureau reported that the new-home market continued its rebound, with sales of new houses once again inching up last month. New-home sales rose 1.6 percent from October to November to an annualized rate of 315,000, and sales were up nearly 10 percent compared to November…Continue
Added by Kenneth Bargers on December 28, 2011 at 10:06am — No Comments
Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners.
Although rebenchmarking resulted in lower adjustments to several years of home sales data, the month-to-month characterization of market conditions did not change. There are no changes to home prices or…Continue
Added by Kenneth Bargers on December 21, 2011 at 3:07pm — No Comments
New-home construction and building permits — a future gauge of construction — surged last month, slowly helping to pull the new-home market out of one of its worst years for home building.
Builders broke ground on more homes in November, a 9.3 percent increase over October, reaching the highest level since April 2010, the Commerce Department reported Tuesday. Year-over-year, new-home starts were up 24.3 percent in November.
Home construction increased to a seasonally adjusted…Continue
Added by Kenneth Bargers on December 20, 2011 at 4:50pm — No Comments
MARKET COMMENT Mortgage bond prices ended slightly higher last week, which pushed mortgage interest rates lower. Stocks were stronger as the DOW surged higher by 291 points Monday and 490 points Wednesday. The Fed stepped in to help the EU deal with their debt crisis through some liquidity moves along with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. The moves generally helped equities across the globe.…Continue
Added by Kenneth Bargers on December 5, 2011 at 10:43am — No Comments
MARKET COMMENT Mortgage bond prices ended slightly lower last week, which pushed mortgage interest rates higher. Weak stocks and continued Euro debt concerns helped rates improve early in the week. The data generally helped rates as well. Q3 GDP disappointed with 2% increase compared to the expected 2.5% mark. The Treasury auctions had strong demand and also helped the overall bond market. The shortened and thin trading conditions fortunately did not result in any extreme…Continue
Added by Kenneth Bargers on November 28, 2011 at 1:30pm — No Comments
MARKET COMMENT Mortgage bond prices ended lower last week, which pushed mortgage interest rates slightly higher. The producer price index and core rate both came in lower than expected and helped rates improve earlier in the week. Unfortunately, retail sales beat expectations which countered the PPI data. Poor auctions in France and Spain fanned the Euro debt concerns which helped rates a bit. However, housing starts showed a surprise increase and weekly jobless claims were…Continue
Added by Kenneth Bargers on November 21, 2011 at 10:04am — No Comments
MARKET COMMENT Mortgage bond prices ended lower last week, which pushed mortgage interest rates slightly higher. The early portion of the week was relatively tame compared to recent trading conditions. Most of the weakness came Thursday following stronger than expected weekly employment figures. Weekly jobless claims came in at 390k, better than the expected 400k mark and generally not bond friendly. Continuing claims came in at 3,615k, which also beat estimates. The…Continue
Added by Kenneth Bargers on November 14, 2011 at 9:54am — No Comments
MARKET COMMENT Mortgage bond prices ended higher last week, which pushed mortgage interest rates lower. The financial markets remained extremely volatile. Most of the rate improvements came early in the week following Japan’s intervention to weaken the yen and Greek Prime Minister Papandreou’s indication that budget cuts would be put to a public vote. Unfortunately some of those rate improvements were erased when Papandreou retreated on the vote and the European Central Bank…Continue
Added by Kenneth Bargers on November 7, 2011 at 2:09pm — No Comments
MARKET COMMENT Mortgage bond prices ended last week lower, which pushed mortgage interest rates considerably higher. Stock strength Thursday along with advancements in the Eurozone battle to shore the debt crisis resulted in a terrible week for mortgage interest rates. Stocks remained volatile with 100 plus point swings from day to day but a strong 340-point surge in the DOW Thursday resulted in rate increases of 3/4 of a discount point on that day alone. Mortgage interest…Continue
Added by Kenneth Bargers on October 31, 2011 at 9:07am — No Comments
Mortgage applications for home purchases and refinancing increased last week, as more buyers and home owners rushed to take advantage of ultra-low interest rates.
Mortgage applications for purchase — a gauge for future home buying — jumped 6.4 percent last week, according to the Mortgage Bankers Association.
The increase helped send overall mortgage applications soaring 4.9 percent last week. Refinance activity, which accounted for 77.3 percent of all mortgage applications,…Continue
Added by Kenneth Bargers on October 27, 2011 at 10:03am — No Comments
MARKET COMMENT Mortgage bond prices ended last week near unchanged, which kept mortgage interest rates relatively in check. Trading was choppy with some rate improvements Tuesday, which unfortunately were erased Wednesday and Thursday. Stock strength made it difficult for mortgage bonds to gain any traction. Higher than expected producer price, housing starts, and Philadelphia Fed data also made it difficult for rates to improve.
The employment cost index and PCE core…Continue
Added by Kenneth Bargers on October 24, 2011 at 9:58am — No Comments