HomeRun Homes Rent to Own Homes Blog

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HomeRun Homes is a centralized marketplace which helps people Find or Sell a Rent to Own Home, both Nationwide and Globally to the thriving Rent to Own Market. http://www.lease2buy.com

March 25, 2011

Existing Home Sales, New Residential Sales, and Home Prices. Ouch!

Hi Folks,
   Hope your week went better than the recent Housing Market numbers!

   On that sour intro, NAR Existing Home Sales were released this week, and they showed us an almost 10% drop from January to February, and nearly a 3% drop from a year earlier. New Residential Sales were even worse, with almost a 17% drop from January to February, and, get ready for this...a 28% drop from exactly one year earlier.

   The Home Price Index that is tallied by FHFA did not fair any better. We saw home prices drop 0.3% from December 2010 to January 2011, but for the 12 months ending in January, prices fell 3.9%. To put these numbers in perspective, the U.S. index is 16.5% below its April 2007 peak.

   So, how was your week...?

Have a Great Weekend, and Happy Rent-to-Owning !
Rob Eisenstein
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

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