existing home price Archive

Latest New Home Sales (February 2015)

Contracts to buy a newly constructed home soared in February, portending a solid demand going into the spring home buying season. One reason is due to builders bringing less-expensive homes onto the market. Diving into the numbers, new home...

February Existing Home Sales

NAR released a summary of existing home sales data showing that February’s existing home sales improved from last month and a year ago, while fewer homes on the market drive price growth. February’s sales show a fifth consecutive month...

January 2015 Existing Home Sales

NAR released a summary of existing home sales data showing that January’s existing home sales are up from last year but down from last month starting the year off to a sluggish pace. January’s sales show a fourth consecutive...

November 2014 Existing Home Sales

NAR released a summary of existing home sales data showing that November’s existing home sales dipped from last month to the weakest sales pace in the last six months. November’s sales declined 6.1% from October but were slightly up,...

Home Price Comparison: New versus Existing

Newly constructed homes are carrying a hefty premium over existing homes.  The gap, which historically had been 15 to 20 percent, has in recent years widened to 30 to 40 percent.  That suggests either existing home prices are much...