By VIRGINIA C. McGUIRE
Uruguay’s housing market has slowed this year, with asking prices being lowered and many sellers more willing to negotiate.
Published: January 3, 2015 at 09:00PM
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By VIRGINIA C. McGUIRE
Uruguay’s housing market has slowed this year, with asking prices being lowered and many sellers more willing to negotiate.
Published: January 3, 2015 at 09:00PM
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By MIKE POWELL
This week’s properties include a townhouse in New Orleans, a contemporary in Nashville and a compound in Idaho.
Published: December 31, 2014 at 09:00PM
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By KATHERINE BINDLEY
The city on the Hudson offers more space for the money, an easy commute to New York City and uninterrupted views of Manhattan.
Published: January 3, 2015 at 09:00PM
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NAR's forward-looking pending home sales index for November 2014 rose modestly, NAR Chief Economist Lawrence Yun says. He points to inventory shortages as a continuing concern.
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WASHINGTON (December 31, 2014) — Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced a slight gain in activity in November.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 0.8 percent to 104.8 in November from a slightly downwardly revised 104.0 in October and is now 4.1 percent… Read More
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By VIVIAN MARINO
Mr. Shnay is a principal of SK Development, a family-run real estate company based in New York that was started by his father, Abram, in 2006.
Published: December 30, 2014 at 09:00PM
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By ROSALIE R. RADOMSKY
Notable properties that have been recently listed for sale, sold or leased.
Published: December 30, 2014 at 09:00PM
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By JANE L. LEVERE
The 1920s movie theater, soon to reopen as a performing arts center, is already stimulating development in its neighborhood.
Published: December 30, 2014 at 09:00PM
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By JANE L. LEVERE
The 1920s movie theater, soon to reopen as a performing arts center, is already stimulating development in its neighborhood.
Published: December 30, 2014 at 09:00PM
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For release:
December 23, 2014
California pending home sales cool down in November
LOS ANGELES (Dec. 23) – California’s pending home sales slowed down in November as seasonal factors kicked in and shrinking housing affordability remained an issue, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Pending home sales data:
• California pending home sales dropped in November, with the Pending Home Sales Index (PHSI)* falling 13.4 percent from a revised 104.8 in October to 90.7 in November, based on signed contracts. The monthly decline was on par with the average October-to-November monthly change of -13.1 percent observed in the last six years.
• Pending sales were down 1.2 percent from the revised 91.8 index recorded in November 2013. The yearly decrease was significantly lower than the six-month average of -5.8 percent from May 2014 to October 2014.
Equity and distressed housing market data:
• The share of equity sales – or non-distressed property sales – dipped in November. Equity sales made up 90.5 percent of all sales in November, down from 91.1 percent recorded in October. Equity sales have been more than 80 percent of total sales since July 2013 and have risen to or above 90 percent for six straight months. Equity sales made up 86.5 percent of sales in November 2013.
• Conversely, the combined share of all distressed property sales edged up in November, up from 8.9 percent in October to 9.5 percent in November. Distressed sales were down nearly 36 percent from a year ago, when the share was 13.5 percent.
• Fourteen of the 41 reporting counties experienced a month-to-month decrease in the share of distressed sales, with 20 of the counties recording in the single-digits, including Alameda, Contra Costa, Marin, Orange, San Benito, San Mateo, Santa Clara, and Sonoma counties — all of which registered a share of five percent or less.
• Of the distressed properties, the share of short sales edged up to 4.8 percent in November from 4.6 percent in October, but remained at levels last seen in February 2008. November’s figure was nearly half the 8.6 percent recorded in November 2013.
• The share of REO sales also inched up in November to 4.3 percent from 3.9 percent in October but down from 4.5 percent in November 2013.
• The supply of distressed and equity properties improved in November. The Unsold Inventory Index of REO sales increased from 3.2 months in October to 3.8 months in November. The supply of short sales rose from 5.7 months in October to 6.7 months in November, and the supply of equity sales improved from 3.8 months in October to 4.4 months in November.
Charts (click links to open):
• Pending sales compared with closed sales.
• Historical trend in the share of equity sales compared with distressed sales.
• Closed housing sales in November by sales type (equity, distressed).
• Housing supply of REOs, short sales, and equity sales in November.
• A historical trend of REO, short sale, and equity sales housing supply.
• Year-to-year change in sales by property type.
Share of Distressed Sales to Total Sales
(Single-family)
Type of Sale |
Nov-14 |
Oct-14 |
Nov-13 |
Equity Sales | 90.5% | 91.1% | 86.5% |
Total Distressed Sales | 9.5% | 8.9% | 13.5% |
REOs |
4.3% | 3.9% | 4.5% |
Short Sales |
4.8% | 4.6% | 8.6% |
Other Distressed Sales (Not Specified) |
0.4% | 0.4% | 0.5% |
All Sales |
100.0% | 100.0% | 100.0% |
Single-family Distressed Home Sales by Select Counties
(Percent of total sales)
County |
Nov-14 |
Oct-14 |
Nov-13 |
Alameda | 3% | 5% | 6% |
Amador | 7% | 12% | 20% |
Butte | 9% | 10% | 9% |
Calaveras | 19% | 12% | NA |
Contra Costa | 3% | 2% | 6% |
El Dorado | 7% | 11% | 13% |
Fresno | 16% | 15% | 26% |
Glenn | 29% | 24% | 41% |
Humboldt | 12% | 13% | 18% |
Kern | 10% | 10% | 18% |
Kings | 17% | 19% | 31% |
Lake | 19% | 16% | 25% |
Los Angeles | 9% | 7% | 13% |
Madera | 18% | 22% | 10% |
Marin | 2% | 4% | 6% |
Mendocino | 13% | 10% | 26% |
Merced | 17% | 10% | 21% |
Monterey | 9% | 9% | 14% |
Napa | 7% | 3% | 10% |
Orange | 5% | 4% | 7% |
Placer | 8% | 8% | 13% |
Plumas | 11% | 9% | NA |
Riverside | 13% | 11% | 17% |
Sacramento | 12% | 12% | 16% |
San Benito | 3% | 13% | 16% |
San Bernardino | 16% | 14% | 20% |
San Diego | 6% | 5% | 5% |
San Joaquin | 11% | 12% | 21% |
San Luis Obispo | 6% | 6% | 6% |
San Mateo | 1% | 1% | 5% |
Santa Clara | 2% | 2% | 4% |
Santa Cruz | 6% | 5% | 9% |
Shasta | 19% | 14% | 20% |
Siskiyou | 24% | 26% | 22% |
Solano | 9% | 11% | 29% |
Sonoma | 5% | 5% | 10% |
Stanislaus | 10% | 13% | 23% |
Sutter | 21% | 12% | 28% |
Tulare | 17% | 21% | 20% |
Yolo | 8% | 5% | 14% |
Yuba | 16% | 9% | 25% |
California |
10% |
9% |
14% |
NA = not available
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