home prices

Case-Shiller Indices Show Home Prices Clearly Outpace Inflation

The May 2015 S&P Case Shiller home price index shows a seasonally adjusted 4.9% price increase from a year ago for the 20 metropolitan housing markets and a 4.7% yearly price increase in the top 10 housing markets.  The year over year change is pretty much the same as April using the seasonally adjusted data.

Existing Home Sales Up 3.2% As Prices Soar To Record Highs

NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales.  This is an eight and a half year high.  In February 2007 existing home sales were 5.79 million.  This makes sales 9.6% higher than June of last year.  Existing home sales have been above their year previous amounts for six months now.

New Home Sales Increase 6.8% While Prices Surge

The April 2015 New Residential Single Family Home Sales surged 6.8% to 517,000 in annualized sales.  For the year, new single family home sales are up 26.1% from the year ago 410,000 sales levels.  The annual increase is well above the ±15.4% margin of error.  In no uncertain terms people are buying up new homes again.

Existing Home Sales Bubble Up 1.2% from the February Northeast Frozen Tundra

NAR's existing home sales bounced up slightly for February with a 1.2% sales increase.  This is surprising sales increased at all, even with seasonality adjustments, considering America's East was stuck in either a snow bank or an ice cube for the month..  This makes sales 4.7% higher than February of last year.  Sales by volume was 4.88 million in February.

New Home Sales Stay At High Levels But Median Price Increases

The January 2015 New Residential Single Family Home Sales decreased -0.2% to 481,000 in annualized sales.  This change is maintaining six year highs and this month is well within the statistical error margin of ±22.2%. .  For the year, new single family home sales are up 5.3% from the January 2014 457,000 sales levels.

Case-Shiller Shows Home Prices Still on the Rise and Not Affordable

The December 2014 S&P Case Shiller home price index shows a seasonally adjusted 4.5% price increase from a year ago for the 20 metropolitan housing markets and a 4.3% yearly price increase in the top 10 housing markets.  There are two ways to look at the never ending increasing home prices.

Existing Home Sales Fell Like Snow For January 2015

The bitter cold blew in more than snow for January.  Existing home sales suffered as well with a -4.9% decline in sales for the month.  This is the biggest monthly drop off in nine months with single family homes declining by -5.1% in sales.  Sales by volume are now 4.82 million in January.  April 2014 showed 4.75 million annualized sales.

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