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July home sales climb to highest level in nearly three years as prices remain near recent high

- Existing, single-family home sales totaled 449,530 in July on a seasonally adjusted annualized rate, up 2.7 percent from June and 12.7 percent from July 2014. - Statewide sales were above the 400,000 mark for the fourth straight month. - July statewide median home price was $488,260, down 0.3 percent from June but up 5.4 percent from July 2014. - Available housing supply remains constrained at 3.3 months of inventory. LOS ANGELES (Aug. 18) – Sustained job and income growth

Home sales near eight-and-a-half-year high, brighten economic outlook

Home sales near eight-and-a-half-year high, brighten economic outlook

U.S. home resales rose to a near 8-1/2-year high in July and factory activity in the mid-Atlantic region picked up this month, fresh signs of steady economic growth that likely keeps the Federal Reserve on track to raise interest rates this year. While other data on Thursday showed a slight increase in the number of Americans filing new applications for unemployment benefits last week, the trend remained consistent with strong labor market momentum. "We continue to expect bot

Existing home sales rise for third month in a row

Existing home sales rise for third month in a row

Existing home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors. Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0% to a seasonally adjusted annual rate of 5.59 million

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2015: Year of the First-Time Home Buyer

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