Big leap for home sales

Sales of existing homes jumped in November, growing 7.4 percent compared with the month before. Home sales also surged 10 percent in October. FULL STORY

Home prices rise for 4th month in a row (AP) AP – Home prices rose slightly in September, the fourth straight monthly increase and a clear sign the housing market recovery is continuing.

  Existing-home sales soar 23.5% in October By Alan J. Heavens Inquirer Real Estate Writer Propped up by government tax credits, existing-home sales exploded in October, the National Association of Realtors said yesterday. Sales were 23.5 percent higher than in October 2008 and 10.1 percent greater than in September. This was the highest pace of [...]

New $6,500 tax break for homebuyers Congress expands its popular incentive program to include a whole new crop of buyers. Qualifications and deadlines

Article | AP posted Today July new US home sales up 9.6 percent

Foreclosures rise 7 percent in July from June 12:10 a.m. ET, Thu., August 13, 2009 The Associated Press WASHINGTON – The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage. Foreclosure filings [...]

Pending Home Sales Rise for Fourth Straight Month Spread the good news! According to the National Association of Realtors, pending home sales have risen for four consecutive months as a result of both favorable housing affordability and the $8,000 first-time buyer tax credit. The last time there were four straight monthly gains was in October [...]

This chart from the AP, shows a very positive sign in existing home sales. With rates still historically low buyers are realizing that this is a great oportunity to buy a home. It is impossible to predict where rates will be a week from now let alone a year from now.  Tue Jun 2, 10:32 AM [...]

First-Time Buyer Tax Credit Already Deemed a Success Preliminary figures from the Internal Revenue Service (IRS) show that the first-time buyer tax credit may have been a deal maker in 10 percent of the approximately 5 million new- and existing-home sales last year. By March 6, 2009 — six weeks prior to when 2008 returns [...]

Single-Family Housing Starts Rise The U.S. Commerce Department recently released statistics that reinforce the impact of the favorable conditions that currently exist for homebuyers. Single-family housing starts rose for a second consecutive month in April, posting a 2.8 percent gain for the month. In addition, issuance of single-family permits, which can be an indicator of [...]