Posts Tagged home sales
Number of October Home Sales Up 10.1% from September
WASHINGTON – Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit. Home sales nationwide are now up nearly 36 percent from their bottom in January, data Monday showed, though they are [...]
Pending Home Sales Rise 7th Month in a Row!
WASHINGTON – Aspiring homebuyers rushed to take advantage of a tax credit for first-time owners that expires in November, driving up the number of signed sales contracts for the seventh straight month in August. Construction spending also rose unexpectedly in August on the biggest jump in housing activity in nearly 16 years, another sign the [...]
Some Good News? Existing Home Sales “Surge”
According to CNBC.com existing home sales “surge”. I find this misleading. The lower your price range, the better the trend is. This is due mainly to the home buyers tax credit encouraging first time homeowners to buy. Once you get to houses valued at $250,000 and above, the trend is still down.
