| Existing-Home Sales Rise on Improved Affordability |
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Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®. More...
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| Pending Home Sales Up Strongly |
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WASHINGTON, October 08, 2008
Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. "What we’re seeing is the momentum of people taking advantage of low home prices, with pending home sales up strongly in California, Nevada, Arizona, Florida, Rhode Island and the Washington, D.C., region,” he said. "It’s unclear how much contract activity may be impacted by the credit disruptions on Wall Street, but we’re hopeful most of the increase will translate into closed existing-home sales.” More...
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| What Makes a Good Offer? |
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You found a home you’d like to buy. Now how do you put together an offer the owners will accept?
Start with a number
Obviously, the amount you initially write into the contract has much to do with whether the seller looks favorably on your offer. How do you come up with that figure? There are several factors to consider. More...
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| When Will Home Prices Bottomed Out? |
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When will home prices hit bottom? As early as the middle of next year, according to the semiannual forecast conference for the National Association of Home Builders. Learn the details in this Wall Street Journal story. More...
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| Resort Lifestyle Living is still Hot |
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Where are the Hot markets? Hilton Head, South Carolina, REALTORS explain why their marketplace is different. Watch Video...
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| Wall Street Journal's House of the Week - The Bridge House |
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An architecturally significant home spanning a river in New Canaan, Conn., can be yours for a mere $5 million. View a slideshow of the 4,400-square-foot home designed by “Harvard Five” architect John Johansen and listed by William Pitt Sotheby’s International Realty. View Slide Show...
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Existing Home Sales
(September)
5.18 million units* |
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Existing Home Median Price
(September)
$191,600 |
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Housing Starts
(September)
817,000 units* |
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New Home Sales
(September)
464,000 units* |
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*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®. |
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Metropolitan Prices & State Sales |
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| National Home Sales |
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Homes
5,180,000 |
Single Family
4,620,000 |
Condo/Co-op
560,000 |
| vs. last month: |
 5.5% |
6.2% |
0.0% |
| vs. last year: |
1.4% |
3.8% |
 -15.7% |
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Click Here to view details |
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| National Sales Price of Homes |
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| Regional Home Sales |
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U.S.
5,180,000 |
Northeast
840,000 |
Midwest
1,190,000 |
South
1,900,000 |
West
1,250,000 |
| vs. last month: |
5.5% |
-1.2% |
4.4% |
2.2% |
16.8% |
| vs. last year: |
1.4% |
-7.7% |
-2.5% |
-7.8% |
34.4% |
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Click Here to view details
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| Regional Sales Price of Homes |
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U.S.
$191,600 |
Northeast
$246,800 |
Midwest
$152,500 |
South
$167,200 |
West
$253,600 |
| vs. last year: |
-9.0% |
-5.4% |
-7.9% |
-4.1% |
-18.5% |
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Click Here to view details
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| Regional Single Family Home Sales |
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U.S.
4,620,000 |
Northeast
620,000 |
Midwest
1,080,000 |
South
1,760,000 |
West
1,160,000 |
| vs. last month: |
6.2% |
0.0% |
4.9% |
2.3% |
18.4% |
| vs. last year: |
3.8% |
-4.6% |
0.0% |
-6.9% |
39.8% |
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Click Here to view details
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| Regional Sales Price of Single-Family Homes |
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U.S.
$190,600 |
Northeast
$248,700 |
Midwest
$149,800 |
South
$167,700 |
West
$257,200 |
| vs. last year: |
-8.6% |
-7.0% |
-7.4% |
-3.4% |
-19.2% |
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Click Here to view details
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| Regional Condo/Co-Op Sales |
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U.S.
560,000 |
Northeast
220,000 |
Midwest
110,000 |
South
140,000 |
West
90,000 |
| vs. last month: |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
| vs. last year: |
-15.7% |
-15.4% |
-20.3% |
-18.1% |
-5.3% |
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Click Here to view details
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| Regional Sales Price of Condo/Co-ops |
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U.S.
$199,400 |
Northeast
$241,300 |
Midwest
$179,000 |
South
$161,200 |
West
$207,600 |
| vs. last year: |
-10.2% |
-1.5% |
-9.3% |
-10.8% |
-20.7% |
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Click Here to view details
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