Bay Area Real Estate Trends

NAR reports: After reaching a 19-month high, pending home sales eased in December but stayed above year-ago levels, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 3.5 percent to 96.6 in December from 100.1 in November but is 5.6 percent above December 2010 when it [...]

NAR reports: Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®. The latest monthly data shows total existing-home sales rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, [...]

Impact to Everyday Consumers and REALTORS® from Revised Existing Home Sales. Q. Should consumers care about this revision and re-benchmarking? A. What matters for consumers is the price of their home and there is no revision to prices. For home-buyers and home-sellers, the newly revised national data has no impact, because only very localized data matters [...]

Should we crash the party?

Right. That’s what home buyers are thinking about… From NAR: Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.6 percent to 84.5 in September from 88.6 in August but is 6.4 [...]

Seasonally-adjusted sales of existing homes dropped 3 percent from August to September. NAR reports Existing-Home Sales Off in September but Higher Than a Year Ago Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors®. Total existing-home sales, [...]