Everything listed under: NAR

  • Existing Home Sales up 4.9% Nationally in May

    From Realtor.com:

    Existing home sales rose 4.9% nationally.  "This was the highest monthly rise since August 2011, but existing home sales remain 5 percent below year-ago levels."  See more below!


  • 23 States Are Within 10 Percent of Their 2006 Home Price Peaks

    According to Realtor Magazine and CoreLogic, 23 states are within 10 percent of their 2006 home price peaks.  CoreLogic's latest housing data report takes into account data up through October.  

    Home prices have increased 12.5 percent year-over-year (in other words, comparing data from last year to this year).  There was a slight decrease in month-over-month data from September to October (0.2 percent), which can be attributed to higher mortgage rates and the change of in seasons, as strong gains in the spring and summer 2013 slowed down as fall began.

    Soaring home prices have allowed 16 states to be within 5 percent or less of their peak home prices: Arkansas, Colorado, District of Columbia, Iowa, Louisiana, Nebraska, Montana, New York, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, Vermont, Wyoming, and Alaska.

    The National Association of Realtors reported that their existing homes sales index saw home prices increase 12.8 percent in October year-over-year.  NAR's chief economist, Lawrence Yun, said that the persistent tight inventory of homes for sale is holding back sales, but on a positive note, pushing up home prices.

    Read the full article here!  And contact us at 207-251-4762 or contactus@alandrealty.com with any real estate questions you may have.

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