The pace of existing-home sales in November rose a substantial 7.4 percent, cintinuing a string of solid increases in the closing months of 2009. Looking ahead, sales are expected to ease, with households, no longer concerned about the popular home buyer tax credit immediately expiring, taking longer to buy. NAR’s forward-looking pending home sales idex shows a 16 percent drop in closings in November. Sales should pick up again as the tax credit wids down in mid 2010.
information from NAR’s Realtor magazine -Feb. 2010
From “Housing Matrix . com”
Home sales have been rising since Nov. 2008, and looks like 2010 will be a good year for home sales.
http://housingmatrix.com/hot-sheets/exhome.pdf
The report tracks the number of existing homes sold during the previous month. The data is collected from more than 650 Boards/Associations of Realtors and MLS (multiple listing services) listings across the nation. It includes a two year historical graph and a table of long-term trends for existing home sales, by areas of the country, month’s supply, median and average sales price. Ideal resource to stay on top of existing home sales.
