A lack of inventory, especially at the low-end, continued to push median prices higher in April. NAR reports: Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.4 percent to a seasonally adjusted annual rate of 4.62 million in April from a downwardly revised 4.47 million in March, and [...]

Thankfully, more and more Realtors are letting their real estate licenses expire. Via Calculated Risk: The number of salesperson’s licenses is off 29% from the peak, and has fallen to 2004 levels. But brokers’ licenses are only off 7% and has only fallen to early 2007 levels. Even if activity and prices have bottomed, the [...]

Existing Home Sales were a disappointment in March, falling to a rate of 4.48 million. Analysts had expected sales to rise to 4.62 million units. NAR reports: WASHINGTON (April 19, 2012) – Existing-home sales were down in March but continue to outpace year-ago levels, while inventory tightened and home prices are showing further signs of [...]

NAR reports: February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of Realtors®. Sales were up in the Midwest and South, offset by declines in the Northeast and West. Total existing-home sales, which are completed transactions [...]

Nationally, Pending Home Sales rose slightly in January, from a downwardly-revised December. In the West, however, Pending Homes Sales fell 4.4%. NAR reports: Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association [...]