Existing Home Sales Continue to Improve in April

Market_Snapshot

Existing-Home Sales Continue to Improve in April Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®. Existing-home sales, which are completed transactions that include single-family, town homes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted… Read More

Pending Home Sales on an Upswing

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending… Read More

Special Approval Designation Launches For Fannie Mae

Fannie Mae Launches Special Approval Designation Fannie Mae announced that it’s going to take a look at hundreds of condominium projects in Florida that may not currently meet Fannie Mae’s standard eligibility criteria to see if it can allow additional projects to become Fannie Mae-eligible through a new “Special Approval” designation. Projects deemed to be… Read More

Existing home sales surge 7.4% in Nov. on federal tax credit (USA Today)

Home resales surged 7.4% in November from October, as the federal tax credit spurred buying, the National Association of Realtors said Tuesday.

Existing Home Sales Up

Existing home sales up As expected, the National Association of Realtors reported that existing-home sales showed another big gain in October, surging 10.1 percent to a seasonally adjusted annual rate of 6.10 million units in October from a downwardly revised pace of 5.54 million in September, and 23.5 percent above the 4.94 million-unit level in… Read More