Existing Home Sales Dip

Existing Home Sales Dip

The National Association of Realtors reported that the pace of existing home sales fell in April to an annualized rate of 5.04 million, a drop of 3.3% from the month earlier. Tight supply has resulted in high levels of price appreciation, which nationally amounted to an 8.9% increase from the year-ago period at a median price of $219,400. The increase in prices has undoubtedly caused a tempering effect on sales activity.

Read More

Previous City of Industry Plans to Sell Large Parcel in Chino Hills
Next The Return of the First-Time Buyer

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market 0 Comments

Chinese Money in the U.S. Housing Market

The influx of Chinese money into the US housing market continues to be one of the key dynamics in play thus far during the housing recovery. This article in the

Housing Market

New Homes Sales Up

February new home sales data came in at 539,000 units. This marks a 7.8% improvement from the prior month and a 24.8% increase from the year ago period. While it

Housing Market

U.S. Home Construction Reaches Strongest Pace in a Year, But Falls in the West

Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses.