Existing Home Sales – December

Existing home sales which include single-family, townhomes, condos and co-ops rose 1.0% in December to an annual pace of 4.87 million after a decline of 5.9% in November to annual pace of 4.82 million. Total sales are running 0.6% lower than at this time last year.

Here is the link to a detailed report:  EXISTING HOME SALES

For all of 2013, sales rose 9.1% for total sales of 5.09 million. Sales of distressed properties were 14% of total transactions last month unchanged from November; all-cash sales were 32% of all sales in December, also unchanged from November; first-time buyers made
up 27% of sales in December, down from 28% the month before, while investors, who account for a portion of all-cash sales, comprised 21% of total transactions in December up from 19% in November. Continue reading


March 2013 New Home Sales

Here’s the new home sales report:
New Home Sales

New home sales rose 1.5% to an annual rate of 417k less than economists’ expectations for a smaller decrease to a rate of 420K. New home sales have been firmly ensconced above the 400k level so far this year indicating a new higher sales range and improvement in the market. New home sales continue to trend higher and are now 18.5% above their year ago level.

Here is Bll’s take from the Calculated Risk blog:
More on New Home Sales