Category Archives: Existing Home Sales and Months Supply

Sales pairs slow down markedly in July

Each month we publish the number of sales pairs used in the calculation of the S&P/Case-Shiller Home Price Indices. Data are collected on sales of specific single-family homes or condos. Each sale price is considered a data point. When a home is resold, months or years later, the new sale price is matched to the […]

Home sales marked by a decline in completed transactions

The last two weeks of each month is when most of the US housing statistics are released.  Next week housing starts will come out on Tuesday September 20th and existing homes sales will be released on Wednesday September 21st.  Along with the S&P/Case-Shiller Home Prices Indices, these data have painted a dreary picture for the […]

FHFA Home Price Index rose 0.9% in June

The FHFA home price index rose 0.9% in June on a seasonally adjusted purchase-only basis, and up for the third straight month. On a quarter-over-quarter basis, the index is down 0.6%. The New England and West South Central areas posting the strongest price 2Q gains while the Mountain region saw the weakest prices. The index […]

U.S. Existing Home Sales Remained Weak In June In The Northeast And West

U.S. sales of existing homes declined 0.8% in June to a seasonally adjusted annual rate (SAAR) of 4.77 million units, the National Association of Realtors reported on July 20. This is the third straight monthly decline, following a 3.8% decline in May and another 1.8% in April. Existing home sales are currently 8.8% below their […]

U.S. existing home sales remain weak in May despite low mortgage rates

U.S. sales of existing homes declined 3.8% in May to a seasonally adjusted annual rate (SAAR) of 4.81 million units, the National Association of Realtors reported on June 21. This decline follows a 1.8% decline in April, a 3.5% increase in March, and a significant decline of 8.9% in February. Existing home sales are currently […]

May existing home sales fell 3.8% M/M to 4.81 million

Existing home sales fell 3.8% m/m to an annualized 4.81 million units in May. It’s about in line with the 4.8 million units expected by consensus, though comes after April was downwardly revised to 5.0 million (previously 5.05 million). Condo/coop sales saw the largest drop, down 8.1% to 570,000, while single family sales fell 3.2% […]

Live video webcast from S&P Housing Summit, June 9th

Listen to Robert Shiller, Professor of Economics at Yale University and co-founder of the S&P/Case-Shiller Home Price Indices, deliver his keynote address live from the S&P Housing Summit on June 9th at 8:30am EST.  Professor Shiller will be discussing the myriad of unusual factors impacting the outlook for the U.S. housing market. This interactive, live video […]

New home sales may be stable, but still too low

April new home sales were 323,000 units at seasonally adjusted annual rates, better then expected, up 7.3% from March’s 301,000 pace and 17.8% above the low set in May, 2010.   First chart shows how sales collapsed in 2007 through 2008, bottoming out 78% below their level in December 2005.  Sales of existing homes also dropped […]

Highlights Of April’s Existing Home Sales

U.S. existing Home sales showed weakness in April in all regions except the Midwest. Below are some of the highlights of April’s Existing Home Sales Report: Existing home sales were down 0.8% based on the completed transactions in April. This decline in sales comes after an increase in March. However, existing sales were down 12.9% […]

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