Atlanta Real Estate Investor Blog

News and opinion affecting the real estate investment community in Atlanta, Georgia, written by a practicing real estate closing attorney.

Blog Archive

  • ▼  2008 (43)
    • ►  June (1)
    • ▼  May (10)
      • Realtors to open listings to online brokers
      • Banks miss an easy housing fix
      • Case-Shiller: Prices continue to decline
      • Home sales up, home sales down
      • Single-family construction falls to 17-year low
      • No respite, yet: US foreclosures rise 65 percent i...
      • Home prices continue sharp descent
      • Signs of the Times: Condo Discounts
      • Pending home sales hit another low
      • Linens ‘N Things files for bankruptcy
    • ►  April (13)
    • ►  March (5)
    • ►  February (8)
    • ►  January (6)
  • ►  2007 (13)
    • ►  December (2)
    • ►  November (4)
    • ►  October (1)
    • ►  September (4)
    • ►  August (2)

About Me

chippenziedeutch
View my complete profile

Labels

  • ARM (1)
  • Atlanta Home Prices (1)
  • Atlanta Real Estate Investing (14)
  • Auction (2)
  • Bankruptcy (1)
  • Building Permits (2)
  • Case/Shiller (5)
  • Condominiums (1)
  • Existing Home Sales (3)
  • Foreclosures (10)
  • Fortune-Telling (2)
  • google (1)
  • Home Equity (1)
  • Home Prices (13)
  • Homebuilder Confidence (2)
  • housing bubble (2)
  • Housing Starts (3)
  • Intown (1)
  • Investor Alert (1)
  • Landlording (1)
  • Loan Guidelines (1)
  • MBA (1)
  • MLS (1)
  • Mortgage Insurance (1)
  • Mortgage Lenders (1)
  • NAR (9)
  • New Home Sales (2)
  • Pending Home Sales (7)
  • Radar Logic (1)
  • Real Estate Agents (1)
  • Real Estate Investors (1)
  • Realtors (1)
  • RealtyTrac (5)
  • REO (5)
  • reset schedules (1)
  • Secondary Market (1)
  • Short Sales (3)
  • Spillover (2)
  • Subprime (2)
  • The FED (1)

Sites of Note

  • Atlanta Closing Attorneys
  • Atlanta Daily Intelligencer
  • Atlanta Eviction and Dispossessory Actions
  • Business Week Hot Property Blog
  • Equity Depot: Georgia Foreclosure Listings
  • FarBelowMarket
  • Georgia Real Estate Closing Attorneys Association
  • Georgia REIA
  • GREFPAC
  • Harlan and Associates
  • McCalla Raymer Georgia Foreclosures
  • Mortgage Fraud Blog
  • Mortgage Lender Implode-o-Meter
  • RedX: Expired and FSBO Leads
  • The Crack Up
  • The Real Estate Lexicon
  • The Truth About Mortgage

Tuesday, May 27, 2008

Home sales up, home sales down




Existing home sales are down to another record low, from the New York Times:

Sales of previously owned homes, which make up the bulk of the housing market,
dipped 1 percent in April, to an annual rate of 4.89 million, the second
consecutive month that sales have declined. That figure represents another
record low, although the report, put out by the private National Association of
Realtors, dates only to 1999.

But, on the other hand new home sales are up. From CNN:

New home sales rose unexpectedly in April but remained near historically low
levels, according to a key government report on the battered housing market.

April sales came in at a seasonally-adjusted annual rate of 526,000, a
Census Bureau report showed, up 3.3% from a revised 509,000 in March, but 42%
below April 2007. The reading was above the consensus forecast of 520,000,
according to economists surveyed by Briefing.com.

The median price of a new home sold in April was $246,100, up 1.5% from $242,500 a year earlier.

The report showed a 10.6-month supply of homes available on the market.

Perhaps all of the discounting, upgrading, and other perks offered by homebuilders are finally having some effect on new home sales.






Photo: See-Saw, originally uploaded by pittsinger.

Posted by Anonymous at 12:06 PM    

Labels: Existing Home Sales, Home Prices, Homebuilder Confidence, New Home Sales

Newer Post Older Post Home

Harlan and Associates, LLC. 6290 Abbotts Bridge Road, Suite 104. Duluth, Georgia 30097. T:770.817.1012 F:770-817.1013 W:www.harlan-law.com Copyright 2006-2007, Harlan and Associates, LLC. Terms of Use.