The market for existing homes continued to surge in July, pushing the National Association of Realtors’ pending home sales index up 3.2% compared to the previous month to a reading of 97.6. On an annual basis, that represents a 12% jump for the forward-looking indicator, which is based on the number of sales contracts signed…
Category Archives: Market Updates
NY Home Sales Increase.Westchester Jumps Too!!!
NY housing market extends monthly growth trend with nearly 12-percent gain in July The New York State housing market posted its fifth consecutive monthly sales increase in July, according to preliminary existing single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price jumped nearly 10 percent compared to…
Home Sales Jump Up in Westchester County
The Commerce Department reported new home sales jumped 9.6% in July to a seasonally adjusted annual rate of 433,000 from an upwardly revised rate of 395,000 in June. July’s sales pace was the highest since September 2008. Economists had expected a sales pace of 390,000 units. The Conference Board reported that its consumer confidence index…
Westchester County Home Prices and Sales Decline
Prices Continue to slide in all markets across Westchester County NY. Sales fell for all areas of housing. . According to Westchester-Putnam Multiple Listing Service. The decrease was in double digits Inventories of housing of all kinds were lower at the end of June. The MLS said this was due to discouraged sellers who were…
Sluggish Market HITS!!! The Westchester Suburbs Hard!!!
The effects of a sluggish real estate market are everywhere. Read this article and learn more about the Westchester County NY market being affected. GET A FREE LIST OF DISTRESSED PROPERTIES DELIVERED TO YOU DAILY!!!!!!!! After reducing the price on his house in a tony New York City suburb to less than he paid for…
We Shocked the World! Westchester County Has Rise in Home Sales
WASHINGTON – Sales of existing homes rose from January to February in an unexpected boost for the slumping housing market as buyers took advantage of deep discounts on foreclosures. Westchester County NY sees Existing Home Sales Turn for the Better!! The National Association of Realtors said Monday that sales of existing homes grew 5.1 percent…
Home prices of the future
Found this Article. thought the information was good. Enjoy!! While some economists believe home prices won’t hit bottom until the second half of 2009 and possibly not until 2011 or 2012, most agree that when they do start to rise the gains will be modest compared to the run-up seen during the last 10 years,…
Record Drop in Home Prices|Distressed Properties|Short Sales
The median price of U.S. resale homes dropped 11.3 percent year-over-year in October — the largest ever drop since the National Association of Realtors began tracking the statistic in 1968. Read More