Fri, Aug 29, 2014, 7:48 AM EDT - U.S. Markets open in 1 hr 42 mins

Recent

% | $
Quotes you view appear here for quick access.

Federal National Mortgage Association Message Board

  • utherpen34 utherpen34 Jan 26, 2013 2:52 PM Flag

    NEW HOME SALES UP 27.1% IN 2012

    In another sign of a housing market recovery, new-home sales rose in September to the highest level in more than two years, according to a government report released Wednesday.

    Sales sold at an annual rate of 389,000 homes in the month, according to the Census Bureau report, up 5.7% from the 368,000 sales pace in August. The last time sales were at this pace, in April 2010, they were being helped by a short-term home buyer's tax credit.

    How to Spot a Recovering Market

    If key local sales indicators beat the U.S. averages (as they do in the areas below), your market is probably picking up -- and prices will soon follow.

    Metro Area

    Percentage With Drop In List Price

    Days Listed On Zillow

    Sale-to-List Price Ratio

    San Jose

    16.5%

    51

    1.01

    Cheyenne, Wyo.

    21.7%

    88

    1.08

    Clarksville, Tenn.

    30.6%

    103

    0.98

    National Average

    30.7%

    113

    0.97

    NOTE: Zillow, based on June 2012 data.

    This time, the new home market has been showing steady signs of improvement. The pace of home building hit a four-year high in September, according to a separate government report. The year-over-year sales improvement in September reached 27.1%.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
FNMA.OB
0.00(0.00%)

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.