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Existing Home Sales Down 7.2% in February

Existing Home Sales Down 7.2% in February The National Association of Realtors is reporting that existing home sales were down 7.2% in February to a seasonally-adjusted annual rate of 6.02 million (down 2.4% from one year ago).  Total housing inventory at the end of February was 870k units, down 16.5% from one year ago.  Unsold

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Zombie Properties Down in Q1 as Foreclosure Activity Rises

Zombie Properties Down in Q1 as Foreclosure Activity Rises According to the ATTOM Data’s Q1 2022 Vacant Property and Zombie Foreclosure Report, there were 1.4 million (1,354,579) residential properties in the United States sitting vacant, representing 1.4%, or one in 73 homes, across the nation.  In addition, they report that there were 229,864 residential properties

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New Home Sales Down 4.5% in January

New Home Sales Down 4.5% in January The U.S. Government is reporting that sales of new single-family houses in January, 2021 were at a seasonally adjusted annual rate of 801k, which is 4.5% lower than December’s revised rate and is 19.3% lower than one year ago.  The median sales price of new houses sold in

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Pending Home Sales Down 3.8% in December

Pending Home Sales Down 3.8% in December The National Association of Realtors is reporting that pending home sales were down 3.8% in December, 2021.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 117.7.  However, the NAR says that, overall 2021 was a great period for housing in terms

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Judge Strikes Down Boston’s Eviction Moratorium

Judge Strikes Down Boston’s Eviction Moratorium In late November a housing court in Boston, Massachusetts struck down Boston’s citywide eviction moratorium calling the ban an “overreach of power.”  According to WBTS TV (Ch 7), Housing Court Judge Irene Bagdoian sided with a landlord and a constable who challenged the moratorium that the former Acting Mayor

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