The Archives
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01.07.09Pending home sales hit 7-year lowThe number of pending home sales tumbled 4 percent in November to the lowest level since the National Association of Realtors started collecting data in 2001. That’s also a drop of 5.3 percent from last year. Lawrence Yun, the chief economist of the NAR said that the weakening was inevitable, given mounting job losses and weak consumer confidence. He’s also been predicting a year-end recovery for months. In the south, pending home sales dropped 2.2 percent from last month, and were 12.7 percent below last year. Harlan and Associates performs real estate closings throughout Georgia. Want to know more? Contact us and we’ll be happy to discuss how ...
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10.08.08Pending home sales jump in AugustThe National Association of Realtors reported today that pending home sales increased 7.4 percent from July to August, and were 8.8 percent higher than last year. It’s the highest level of pending home sales since June 2007. The news was unexpectedly positive, as most economists had predicted that the index would fall in August. In the South, pending home sales only increased 2.3 percent in August but were still 2.1 percent below August of 2007. We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service ...
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08.25.08Existing home sales up 3.1 percentNationwide sales of existing homes rose 3.1 percent off a ten year low last month, according to the latest National Association of Realtor report. It’s the highest level of existing home sales in five months. Still, resales were well below July 2007 – which are down 13.2 percent nationwide. The rise in sales was more than forecast and comes on the heels of an encouraging Pending Home Sales repost issued earlier this month. Driving the rise in the numbers of existing home sales is a significant drop in home prices. According to the NAR, the median price of an existing home has slipped 7.1 ...
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08.07.08Surprise! Pending home sales are upThe number of signed contracts to buy a home unexpectedly rose last month to the highest level seen in eight months. According to the National Association of Realtors’ Pending Home Sales Index released today, the number of contracts signed in June was up 5.3 percent from a downwardly-revised figure in May. The jump in the Index came as a surprise. Economists had widely expected that home sales contract signings would decline by 1 percent. Still, the number of pending home sales was 12.7 percent below last year’s levels. In the south, pending sales jumped 9.3 percent from last month, but nevertheless were 16.6 percent ...
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07.08.08Pending home sales slip in MayThe number of homes under contract to be sold fell more than expected last month, according to the latest report by the National Association of Realtors. The NAR Pending Home Sales Index fell 4.7 percent in May, well beyond the 2.8% drop expected by most economists. The current index is 14 percent below last year’s levels. In the south, pending home sales decreased 7.1 percent, 22.1 percent below the number of sales in May 2007. In the report, the NAR also said that it expects existing home prices to fall, with the aggregate median existing-home price projected to fall 6y.2% this year to ...
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06.09.08Pending home sales jump 6.3% in AprilFrom CNN: The number of homes under contract to be sold rose unexpectedly in April as buyers go bargain hunting, according to a report released Monday. Pending Home Sales Index from the National Association of Realtors (NAR) rose to 88.2 in April, up 6.3% from March's reading of 83 and the highest level since October. The increase defied the consensus estimate of economists polled by Briefing.com, who had expected pending sales to fall by 1%. Despite the increase, April's reading remains down 13.1% from the same period last year, and down 29% from the index's peak in April 2005. and: The positive report indicates that ...