Home sales jump 14.8% in August

Home sales jump 14.8% in August - 2005-09-21: "Home sales last month jumped 14.8 percent from the same period last year, according to the Memphis Area Association of Realtors' Multiple Listing Service. A total of 1,810 homes were sold last month, compared to 1,577 sold in August 2004.
The jump comes after a decrease in home sales in July, when Memphis saw a 1.13 percent drop in sales over those seen in July 2004. "
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Hurricanes don't slow home sales

The Sun News | 09/25/2005 | Hurricanes don't slow home sales: "Hurricanes Katrina and Ophelia won't damage real estate sales in the coastal Carolinas.
Indeed, if the past is an indicator, Katrina could actually benefit the local market by sending buyers to the Grand Strand.
Florida's barrage of hurricanes last year sent some residents packing - and many chose the Grand Strand as their new home.
Local Realtors said they heard countless times "
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Confidence Slumps, Home Sales Near Record: U.S. Economy Preview

Bloomberg.com: Top Worldwide: "U.S. consumer confidence tumbled this month as fuel prices surged, threatening to sap spending in the aftermath of Hurricanes Katrina and Rita. Before the storms, Americans bought homes at a near-record pace and business investment on new equipment rose, reports this week may show.
Measures of consumer confidence fell in September to at least a one-year low, according to the median estimates of economists surveyed by Bloomberg News. Sales of existing homes exceeded a 7 million annual pace for a fifth month in August"
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Sales head down on homes up north

Sales head down on homes up north - 09/25/05: "When Friske Orchards bought a 35-acre parcel in this northern Michigan community, the plan was to carve part of it into a 10-home subdivision with sweeping views of Lake Michigan.
Now, five years later, Orchard Ridge Estates isn't nearly as grand as its name suggests. While eight of the lots have been sold, just one home has been built -- an unsold three-bedroom traditional listed at $325,000.
The state's struggling economy, which already has punctured Metro Detroit home values, is now taking a toll on the once-bustling vacation home market across Michigan's rural north and Thumb. Some families are canceling vacations, while others are "
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Oil slide and Home Sales Cheer

ShareCast - News you can use: "Wall Street started the week in bullish mood as oil prices eased following a weaker than feared Hurricane Rita, while better than expected US home sales last month also gave stocks a lift.

US November crude is currently trading down 55 cents at $63.64 a barrel as the Gulf of Mexico's major refineries and ports escaped the worst of the Rita's wrath.

A 2% rise in US home sales during August also gave stocks a boost, with the latest figures from the National Association of Realtors climbing to the second highest level ever.

Analysts had expected a moderate decline, but the report showed sales of previously owned homes came in at a seasonally adjusted 7.29m unit annual rate"
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U.S. Newswire : Releases : "Illinois Home Sales Pick Up 8.6 Percent in August..."

U.S. Newswire : Releases : "Illinois Home Sales Pick Up 8.6 Percent in August...": "Illinois home sales bustle in August to wrap-up the summer home-selling season. According to the Illinois Association of REALTORS(r) there were 19,957 total home sales, which include single-family homes and condominiums, in August 2005, up 8.6 percent from 18,384 sales in August 2004. The Illinois median home price in August was $215,000, up 11.1 percent from $193,500 a year earlier. The median is a typical market price where half the homes sold for more, half sold for less.
Total home sales year-to-date (January through August) show an overall increase of 2.5 percent to 125,482 homes sold compared to 122,404 sales in the first eight months of last year."
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Sales of existing homes climb

kare11.com - KARE 11 Television :: Minneapolis, St. Paul: "Defying expectations, sales of previously owned homes rose in August to the second-highest level on record with home prices rising at the fastest pace in 26 years.

The National Association of Realtors reported Monday that sales of existing homes rose 2 percent in August to a seasonally adjusted annual rate of 7.29 million units, a sales pace that was exceeded only by an all-time high of 7.35 million units in June. Economists had been forecasting a slight decline, believing that the red-hot housing market was finally beginning to cool off.

The strong demand pushed prices up to a record level of $220,000 last month, a gain of 15.8 percent from August 2004. That was the biggest 12-month increase since a 17.2 percent increase in July 1979. "
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US home sales jump to second-highest level ever - September 26, 2005

US home sales jump to second-highest level ever - September 26, 2005: " US existing-home sales jumped 2.0 per cent in August to the second-highest pace on record, amid a 15.8 per cent year-over-year surge in prices, a real estate industry group said on Monday.
The National Association of Realtors said its monthly survey showed a seasonally adjusted annual rate of 7.29 million homes sold, up from 7.15 million in July. "
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