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Thread: Existing Home Sales

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    Existing Home Sales

    Existing-home sales in U.S. soar 5.6 percent in November.

    Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years.

    According to who?

    According the National Association of Realtors, that's who.

    All major regions except for the West saw a significant hike in sales activity last month.

    Sales are 3.8 percent higher than a year ago and are at their strongest pace since December 2006.

    The median existing single-family home price was $248,800 in November, up 5.4 percent from November 2016.

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    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by Miller47 View Post
    Existing-home sales in U.S. soar 5.6 percent in November.

    Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years.

    According to who?

    According the National Association of Realtors, that's who.

    All major regions except for the West saw a significant hike in sales activity last month.

    Sales are 3.8 percent higher than a year ago and are at their strongest pace since December 2006.

    The median existing single-family home price was $248,800 in November, up 5.4 percent from November 2016.

    Thanks Trump!
    Sales prices or number of sales? Because in my area inventory is way down which is causing prices to inflate
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    Quote Originally Posted by Panzareta View Post
    Sales prices or number of sales? Because in my area inventory is way down which is causing prices to inflate
    Both are up.

    These numbers are for the United States.

    Not any one isolated area.

    The numbers show that things are good for the country.

    "Sales prices or number of sales" may vary greatly from one area to another, as usual.

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    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by Miller47 View Post
    Both are up.

    These numbers are for the United States.

    Not any one isolated area.

    The numbers show that things are good for the country.

    "Sales prices or number of sales" may vary greatly from one area to another, as usual.
    "Things" must have been especially terrific during the Bush administration too.
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    Quote Originally Posted by Panzareta View Post
    "Things" must have been especially terrific during the Bush administration too.
    The article did not mention the Bush administration, merely pointed out with facts and figures how good the housing market is as of November 2017.

    Some other points made:

    Total housing inventory at the end of November dropped 7.2 percent to 1.67 million existing homes available for sale.

    First time buyers accounted for 29 percent of sales in November.

    All cash sales accounted for 22 percent of transactions in November.

    As usual the standard disclaimer applies: This information is for the whole of America and may not be representative of any one particular area.

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    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by Miller47 View Post
    Existing-home sales in U.S. soar 5.6 percent in November.

    Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years.

    According to who?

    According the National Association of Realtors, that's who.

    All major regions except for the West saw a significant hike in sales activity last month.

    Sales are 3.8 percent higher than a year ago and are at their strongest pace since December 2006.

    The median existing single-family home price was $248,800 in November, up 5.4 percent from November 2016.

    Thanks Trump!
    Not in my neighborhood.

    PS The price of my house peaked in 2006, dropped and dropped some more and cratered in 2008. STILL hasn't regained all its value. THANKS GEORGE!
    Last edited by cpicturetaker12; 1st January 2018 at 04:18 PM.

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    Quote Originally Posted by cpicturetaker12 View Post
    Not in my neighborhood.

    PS The price of my house peaked in 2006, dropped and dropped some more and cratered in 2008. STILL hasn't regained all its value. THANKS GEORGE!
    Yeah, as I mentioned, the article gave stats for all of America.

    There will some areas that are better, and some that are worse.

    But, the country as a whole is doing very well.

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  8. #8
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    Quote Originally Posted by Miller47 View Post
    Existing-home sales in U.S. soar 5.6 percent in November.

    Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years.

    According to who?

    According the National Association of Realtors, that's who.

    All major regions except for the West saw a significant hike in sales activity last month.

    Sales are 3.8 percent higher than a year ago and are at their strongest pace since December 2006.

    The median existing single-family home price was $248,800 in November, up 5.4 percent from November 2016.

    Thanks Trump!
    What no link??

    Gee is is because of this part that you didn't bother to post?

    Lawrence Yun, NAR chief economist, says home sales in most of the country expanded at a tremendous clip in November. “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end,” he said. “As evidenced by a subdued level of first-time buyers and increased share of cash buyers, move-up buyers with considerable down payments and those with cash made up a bulk of the sales activity last month. The odds of closing on a home are much better at the upper end of the market, where inventory conditions continue to be markedly better.”

    Existing Home Sales Surge in November | CPA Practice Advisor

    Meaning for rich people with cash, yes they are buying up homes left and right.

    Many of the people who buy homes from my husband's company are foreign investors, trying to get their money out of China and Russia.

    Meanwhile in most markets' affordable housing for the middle class is almost non-existent.
    Thanks from Robert Urbanek and Panzareta

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    Quote Originally Posted by Miller47 View Post
    Yeah, as I mentioned, the article gave stats for all of America.

    There will some areas that are better, and some that are worse.

    But, the country as a whole is doing very well.

    Thanks Trump!
    Homelessness is also up.

  10. #10
    Dick with my Buzz...Try DebateDrone's Avatar
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    Quote Originally Posted by Miller47 View Post
    Both are up.

    These numbers are for the United States.

    Not any one isolated area.

    The numbers show that things are good for the country.

    "Sales prices or number of sales" may vary greatly from one area to another, as usual.
    People had been holding out for years....shell shocked from the last Republican we had in office. It took 36 months of slow, stable growth to instill confidence in that people principle investment was not going to tank once again.

    I understand the other nimrods touting every positive news as a Trump victory...I thought you were sharper than that.

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