Tag Archives: new-home sales

Pending Home Sales at Highest Level Since March 2007

“The Pending Home Sales Index (PHSI) jumped 5.2 percent in October to 104.8, its highest level since March 2007, the National Association of Realtors (NAR) reported Thursday. Economists had expected a smaller increase to 100.5.

 The September index was revised up to 99.6 from the originally reported 99.5.

On Wednesday, the Census Bureau and HUD reported jointly new home sales—the equivalent of the PHSI—had declined an ever-so-slight 0.37 percent in October. Both reports measure contracts for the purchase of a home.

The PHSI and new home sales report usually move in the same direction…”

Read the rest of DSNews.com’s article here: “Pending Home Sales at Highest Level Since March 2007”.

San Diego home sales up 5% in January

San Diego County home prices remained flat in January but total sales rose, show the latest DataQuick figures released Wednesday morning.

The median price of all homes sold in the county last month was $305,000, 0.3 percent higher than a year ago. When comparing January to December, values fell 3.2 percent.

Total sales — which include single-family resales, condos and new homes — rose in January to 2,358, or 5 percent higher from January 2011. Sales fell almost 29 percent month-over-month, a natural decrease from December to January because of the holiday season.

How did each housing category fare in January? Read more of the article on U~T San Diego’s site.

Read this article in full by U~T San Diego: “SD home sales up 5% in Jan., prices flat“.