Sales of existing homes rose in January from a downwardly-revised December. NAR reports: Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to [...]

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?