Whooooosh! Sissssss!

June 25, 2010 by Larry D. McGee · Leave a Comment 

Telling Statistics The sounds of the market retraction after the expiration of the Tax Credit are described in the headline. The number of contracts to purchase dropped 39% from April to May, and declined 27% against May of 2009.  What happened is obvious, but bears a bit of further explanation. Better Understanding In the months… [ Read More...]

Existing Home Sales Flatten And Point To A Much Better Spring

March 24, 2010 by Real Estate News · Leave a Comment 

As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. But it may not last long.

Existing Home Sales Remain on a Positive Trendline

March 2, 2010 by Real Estate News · Leave a Comment 

Anecdotal evidence is showing sales activity higher through February and into March. And, although it’s unlikely we’ll see a spike through April like we did last November, buy-side demand for homes should remain strong. The good news of the sagging sales reports is that today’s buyers may find home prices are lower and sellers are more willing to negotiate.

Pending Home Sales Predicts A Stronger Spring Market

February 3, 2010 by Real Estate News · Leave a Comment 

A Pending Home Sale is a home that is under contract to sell, but not yet sold. It’s a figure compiled by an industry group using sales data from over 100 regional listing services and more than 60 large brokerages around the country.

Existing Home Sales Plummet In December, But It Was Expected

January 26, 2010 by Real Estate News · Leave a Comment 

Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though. It was expected.