Category Archives: Existing Home Sales and Months Supply

U.S. Existing Home Sales Rose 2.3% to 4.47 Million Units In July

U.S. existing home sales rose 2.3% m/m to an annualized 4.47 million unit rate in July, which was weaker than the 4.5 million units expected by consensus, but closer to our forecast for 4.45 million units. Existing home sales were up 10.4% over July 2011. Single family sales rose 2.1% m/m to a 3.98 million unit […]

Home Prices Continue to Rise in May 2012 According to the S&P/Case-Shiller Home Price Indices

Data through May 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that average home prices increased by 2.2% in May over April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Home Price Indices – July 2012

U.S. House Prices Should Generally Rise Going Forward, But Not Without Some Dips

U.S. home prices started to rise in recent months, and Standard & Poor’s Ratings Services expects this to continue into the summer, given the seasonal trends of the past few years. We don’t expect this rise to be uninterrupted, however. Prices will likely dip again later this year as newly foreclosed properties reach the market, […]

Sales pair counts did not improve in April

While housing statistics for April 2012 were largely positive, we have not seen a real pickup in activity in terms of sales volume for more than five years. Both the S&P/Case-Shiller sales pair counts and NAR’s existing home sales remain low compared to their pre-recession levels. S&P/Case-Shiller sales pairs data are updated the last Tuesday […]

Home Prices Rise in April 2012 According to the S&P/Case-Shiller Home Price Indices

Data through April 2012, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that on average home prices increased 1.3% in the month of April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Homes Price Indices – June 2012

May Existing Home Sales Fell By 1.5% To 4.55 Million

U.S. existing home sales fell by 1.5% to 4.55 million units in May, close to the 4.58 million units expected by consensus. Existing home sales are still 9.6% above the 4.15 million pace seen last May. The 5.7% month-over-month drop in condo/coop sales explain most of the overall decline, though single-family home sales also fell […]

Pace of Decline in Home Prices Moderates as the First Quarter of 2012 Ends, According to the S&P/Case-Shiller Home Price Indices

Data through March 2012, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that all three headline composites ended the first quarter of 2012 at new post-crisis lows. To access click: S&P/Case-Shiller Home Price Indices – May 2012 Release

Existing Home Sales Rose 3.4% to 4.62 Million In April

U.S. existing home sales rose 3.4% m/m to an annualized 4.62 million units pace in April, about in line with the 4.61 million units expected by consensus. It comes after March sales were downwardly revised to a 4.47 million units pace from the 4.48 million units previously reported.  Condo/coop sales rose 6.0% m/m in April, […]

Is the pace of home sales still too low?

The volume of home sales remains low when compared to the first six or seven years of this century. Major US housing statistics, such as the S&P/Case-Shiller sales pair counts and NAR’s existing home sales, show how the number of existing home sales has slowed considerably since the beginning of the housing crisis. We update our […]

Nine Cities and Both Composites Hit New Lows in February 2012 According to the S&P/Case-Shiller Home Price Indices

S&P Indices released today the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data is through February 2012. To access click: S&P/Case-Shiller Home Price Indices – April 2012 Release

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