In the Greater Alexandria Area Association of Realtors Multiple Listing Service, I have retrieved the following lot data for listing inventory as of today (1.31.11). If you go back to January 6 and January 7, 2011, you will find sales data that pertain to lots. The listing inventory is excessive compared to the current rate…
1999.HUD report.BlogIt wasn’t that long ago, New home sales totalled 904,000 (now we are at 400,000 something). Existing home sales totalled 5,197,000 (approximately 4,908,000 in 2010. 5,156,000 in 2009). Interesting stuff… Source: U.S. Department of Housing and Urban Development
Tidbits… Consumer Loan Balances were down 16.3 percent from the peak in February 2009, having been on a steady decline since that time. Still, consumer spending has been holding up recently, growing 3.8 percent in November , the strongest year-over-year growth rate since May. Personal income growth has also been strong, up 3.4 percent year-over-year…
US Housing Stock.2010Ever wondered how many housing units there were in the United States? I did a little research and have came up with the following data. At the end of the third quarter in 2010, the estimate of the total housing stock, 130,681,000 units, was up a statistically insignificant 0.1 percent from the second…
Existing Home Sales.US.1969to2010These are the numbers for existing homes sales in this country since 1969. I have uploaded the chart from the HUD website as well. (Units in Thousands) 2010. 4,908 (pending) 2009. 5,156 2008. 4,913 2007. 5,652 2006. 6,478 2005. 7,076 2004. 6,778 2003. 6,175 2002. 5,632 2001. 5,335 2000. 5,174 1999. 5,183 1998….
Consumer Confidence jumped 7.3 points in January to 60.6. All of the key components increased solidly during the month, making this the best report for consumer confidence since the onset of the financial crisis. More consumers now appear to believe the economy is on the mend. The 60.6 reading is the highest level since May…
Sales of existing homes rose to an annual pace of 5.28 million in December, the highest level since May. Sales of existing homes rose 12.3 percent in December, which was well above expectations. Gains were broad based with increases in both single-family and condo sales. Distressed transactions, however, still account for a significant portion of…
…The national median existing-home price for all housing types was $170,600 in November, up 0.4 percent from November 2009. Distressed homes have been a fairly stable market share, accounting for 33 percent of sales in November, they were 34 percent in October and 33 percent in November 2009. Foreclosures, which accounted for two-thirds of the…
This article came out of the National Association of Realtors Economic Research Division website. The article was dated December 22, 2010. “Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Associaton of Realtors. Existing-home sales, which are completed transactions that include single-family,…
It appears that after last summers record low postings of home interest rates, that the rate may be moving back upward. Here are some recent interest rate offerings at my company from a lender… January 27, 2010: 4.875% Conventional 30-Year Fixed February 3, 2010: 4.875% ” April 21, 2010: 4.875% ” June 4, 2010: 4.75%…
