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Showing posts with label Pending Home Sales. Show all posts
Showing posts with label Pending Home Sales. Show all posts
Thursday, June 4, 2009
Tuesday, May 5, 2009
PENDING HOME SALES RISE ACROSS NATION, SOAR IN ARIZONA
I just returned from a convention in LA with famed real estate motivated and trainer, Tom Ferry. Top agents from across the country were present to learn and share what's happening in their markets. The tone was up beat, all agents were reporting tremendous activity in their markets. Some are seeing bidding wars where 20 offers bid a home 20% over asking price the first few days on the market.
Nationally, the news rocking Wall Street yesterday was that Pending Home Sales Index had risen 3.2%, greater than expected and is 1.1% higher than this time last year. I am not sure what the rest of the country is experiencing, but the reports from agents were good. Here in the Phoenix metro area, I have been tracking the market in a spread sheet since 2005. I track only single family homes, don't like the tricky maneuvers of condo conversions and the like to mess with my numbers. Last year at this time. we had 7,292 single family home pending in our market place. This year, we have 15,563. That increase is well over 100%, actually around 113%. FOLKS THE MARKET IS RECOVERING. I can't believe how slow the press and Wall Street are to actual numbers.
The article below is from WWW.CNBC.COM
Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom.
Meanwhile, US construction spending rose a slim 0.3 percent in March in the first increase since September, according to government data that beat analysts' forecasts of a 1.5 percent drop.
AP
--------------------------------------------------------------------------------
The National Association of Realtors Pending Home Sales Index, based on contracts signed in March, rose 3.2 percent to 84.6. February's pending home sales index was slightly revised down to 82.0 from 82.1.
Compared to the same period a year ago, pending home sales rose 1.1 percent.
Economists polled by Reuters had forecast pending home sales to be flat in March.
Read the rest of the storey: http://www.cnbc.com/id/30559126
Just my opinion...Jeff Cameron
Nationally, the news rocking Wall Street yesterday was that Pending Home Sales Index had risen 3.2%, greater than expected and is 1.1% higher than this time last year. I am not sure what the rest of the country is experiencing, but the reports from agents were good. Here in the Phoenix metro area, I have been tracking the market in a spread sheet since 2005. I track only single family homes, don't like the tricky maneuvers of condo conversions and the like to mess with my numbers. Last year at this time. we had 7,292 single family home pending in our market place. This year, we have 15,563. That increase is well over 100%, actually around 113%. FOLKS THE MARKET IS RECOVERING. I can't believe how slow the press and Wall Street are to actual numbers.
The article below is from WWW.CNBC.COM
Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom.
Meanwhile, US construction spending rose a slim 0.3 percent in March in the first increase since September, according to government data that beat analysts' forecasts of a 1.5 percent drop.
AP
--------------------------------------------------------------------------------
The National Association of Realtors Pending Home Sales Index, based on contracts signed in March, rose 3.2 percent to 84.6. February's pending home sales index was slightly revised down to 82.0 from 82.1.
Compared to the same period a year ago, pending home sales rose 1.1 percent.
Economists polled by Reuters had forecast pending home sales to be flat in March.
Read the rest of the storey: http://www.cnbc.com/id/30559126
Just my opinion...Jeff Cameron
Thursday, August 28, 2008
Bank Deal ~ Phoenix Foreclosure w/Diving Pool
Here is your chance to get a GREAT deal from the Bank! This REO is priced to sell at $110,000 & ready to go! 3 bedrooms 2 baths & a big backyard w/diving pool, large side yard for RV parking located on Georgia Ave in Phoenix. The back yard is split with a fence, one side has the pool & the other is a grassy play area for kids or pets. Bank will replace range, clean pool, repair broken window & clean carpets! RESPONSES in 48-72 hour!*Buyer agrees to review & sign all bank addendum's. All contracts/offers are subject to IndyMac Banks approval & any offers or counter offers by IndyMac Bank are not binding unless the entire agreement is ratified by all parties. Buyer must be approved by IndyMac lender by may use lender of choice. Any cash offers, must include proof of funds & buyer agrees to pay $75 doc fee at closing. No SPDS or CLUE!
For more information and pictures, click on:
http://www.thecameronteam.com/Phoenix_Scottsdale_Arizona_McDowell_Mountain_Ranch_Dc_Ranch_listings/FFA09A3C-EA40-2B9E-7F56C0479655E2D9.shtml
Monday, June 9, 2008
PENDING HOME SALES JUMP
I have been reporting this for a while. Why do they report April numbers in June? May numbers are even better. It was helpful when the market was slowing, but that things are picking up, it is slowing the recovery.
Here in the Metro Phoenix area, our MLS is showing 7,863 single family homes in the Pending status. That is the highest number in over 2 years. If more buyers were aware of this, I believe more buyers would get off the fence. Sales are also at their highest level in 2 years. Our next goal is to get closings to that level. Closings are dragging due to the short sales, they take 4 to 6 months to close.
NAR: US pending home sales move higher in April
AP
Posted: 2008-06-09 15:24:31
NEW YORK (AP) - Pending home sales unexpectedly increased in April to the highest reading since October, an industry group said Monday, but they remain more than 13 percent below a year ago. The National Association of Realtors' seasonally adjusted index of pending sales for existing homes rose to 88.2 from a March reading of 83.0, the lowest since the index was started in 2001. The index stood at 101.5 in April 2007. Wall Street economists polled by Thomson/IFR had predicted the index would remain steady at 83. A reading of 100 is equal to the average level of sales activity in 2001. The April index in the West climbed 8.3 percent from March and is 4 percent higher than a year ago. In the Midwest, the index jumped 13 percent, but is still lower than in 2007. The South posted a 4.6 percent gain, while the Northeast index declined 1.9 percent. Read the full article: http://money.aol.com/news/articles/_a/nar-us-pending-home-sales-move-higher-in/n20080609152409990024
Here in the Metro Phoenix area, our MLS is showing 7,863 single family homes in the Pending status. That is the highest number in over 2 years. If more buyers were aware of this, I believe more buyers would get off the fence. Sales are also at their highest level in 2 years. Our next goal is to get closings to that level. Closings are dragging due to the short sales, they take 4 to 6 months to close.
NAR: US pending home sales move higher in April
AP
Posted: 2008-06-09 15:24:31
NEW YORK (AP) - Pending home sales unexpectedly increased in April to the highest reading since October, an industry group said Monday, but they remain more than 13 percent below a year ago. The National Association of Realtors' seasonally adjusted index of pending sales for existing homes rose to 88.2 from a March reading of 83.0, the lowest since the index was started in 2001. The index stood at 101.5 in April 2007. Wall Street economists polled by Thomson/IFR had predicted the index would remain steady at 83. A reading of 100 is equal to the average level of sales activity in 2001. The April index in the West climbed 8.3 percent from March and is 4 percent higher than a year ago. In the Midwest, the index jumped 13 percent, but is still lower than in 2007. The South posted a 4.6 percent gain, while the Northeast index declined 1.9 percent. Read the full article: http://money.aol.com/news/articles/_a/nar-us-pending-home-sales-move-higher-in/n20080609152409990024
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