Archive for June, 2006

Stuck! Homes sit longer on the market

Anne Dunajcik

It’s taking longer to sell a house these days. Is this another sign that the boom is over?
By Les Christie, CNNMoney.com staff writer
June 27 2006: 5:28 PM EDT
NEW YORK (CNNMoney.com) — The tell-tale sign of a stagnating real estate market? When homes for sale start lingering - and that’s exactly what real estate brokers and [...]

Existing-Home Sales Ease In May
WASHINGTON (June 27, 2006) – Sales of existing homes experienced a minor decline in May with home prices rising near normal rates, according to the National Association of Realtors®.
Total existing-home sales – including single-family, townhomes, condominiums and co-ops – eased 1.2 percent to a seasonally adjusted annual rate1 of 6.67 million [...]

Sales of existing homes fall—Price is KEY!!!

Anne Dunajcik

Sales of existing homes fall
msnbc June 27, 2006
WASHINGTON - Sales of existing homes in May fell for the third time in the past five months, with the weakness led by a big drop in demand in the Northeast.
The National Association of Realtors reported Tuesday that sales of previously owned homes dropped by 1.2 percent [...]

“We find that the level of for-sale-by-owners is on a sustained decline and is now at a record low. In addition, a growing share of FSBO properties are not placed on the open market – they’re private transactions,� Stevens said.
A clear downtrend in FSBOs has been seen since that market share experienced a cyclical peak [...]

Cool housing market offers buyers opportunity
MSNBC.COM JUNE 19, 2006
There’s no denying it any longer. In most parts of the country, the sizzling house market has cooled.
The latest numbers tell the story: Sales of existing homes are expected to drop 6.8 percent this year. The people who make their living selling homes prefer to [...]

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