Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Existing Home Sales, Prices Show Strong Rise in August
Sep 20, 2012
 Printable format
 Email this Article
 Search

Sales of existing homes in the United States climbed again in August 2012, even as prices rose for the sixth month running, according to the National Association of Realtors.

The August price increase was the biggest since January 2006, when the price rose 10.2% year-on-year.

Total existing-home sales (which include single-family homes, townhomes, condominiums, and co-ops) were up 7.8% in August to a seasonally adjusted annual rate of 4.82 million, from 4.47 million in July. Sales were up 9.3% from the 4.41 million unit rate in August 2011.

"The housing market is steadily recovering with consistent increases in both home sales and median prices," said Lawrence Yun, NAR chief economist. "More buyers are taking advantage of excellent housing affordability conditions. Inventories in many parts of the country are broadly balanced, favoring neither sellers nor buyers."

Freddie Mac said the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.60% in August, up from the record low 3.55% in July 2012. The August 2011 rate was 4.27%.

"The strengthening housing market is occurring even with difficult mortgage qualifying conditions, which is testament to the sizable stored-up housing demand that accumulated in the past five years," Yun added.

Back to Daily News

 

Daily News

...........................................................

May 22, 2014: Affluent Consumers' Confidence Drops

May 21, 2014: Companies Must Apply for European HFC Quotas by July 1

May 21, 2014: New Game Consoles Energy Use Costs $400 Million/Year in Standby Mode

May 21, 2014: Whirlpool Tops Customer Experience Rating Survey

May 16, 2014: Fagor-Equipped Restaurants Among World's Best

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows