Completing an improved second half of 2014, existing home sales in the US increased 2.4 per cent in December, said the National Association of Realtors Monday. Existing home sales exceeded a 5 million sales pace for the sixth time in the past seven months, and were 3.5 per cent above the same period a year ago.
US Existing Home Sales Dec 2014
The pace of sales of newly built, single-family homes increased 11.6 per cent in December to a seasonally adjusted annual rate of 481,000 homes, according to the US Census Bureau Tuesday, the highest monthly sales rate since June of 2008.
US New Home Sales and Inventory Dec 2014
The Pending Home Sales decreased 3.7 per cent in December, but was up 6.1 per cent from the same period a year ago. The Pending Home Sales Index reported by the National Association of Realtors Thursday, decreased to 100.7 in December, down from a downwardly revised 104.6 in November.
US Pending and Existing Home Sales Dec 2014
The January 22 US house prices release by the Federal Housing Finance Agency shows that its House Price Index – Purchase Only, rose by 5.3 per cent on a 12-month seasonally adjusted basis in November 2014. This marks the 34th consecutive month of year-over-year growth. Over this period of more than two-and-a-half years, house prices have risen by 19 per cent and have now surpassed their October 2005 level.