Category Archives: Jones on Real Estate

Existing Home Sales Hiccup in July 2016 — Down 3.2 Percent Sequentially from June and Off 1.6 Percent Year-Over-Year

Existing home sales hiccupped in July 2016, falling 3.2 percent versus June and down 1.6 percent year-over-year to 5.39 million on a seasonally adjusted annualized rate (SAAR), according to the National Association of Realtors® (NAR). Median price rose 5.3 percent from a year ago to $244,100. Median prices have now risen 53 consecutive months on …Read more

New Homes Sales the Most in Eight Years in July 2016

New home sales ramped-up in July 2016 to the highest level seen since October 2007, hitting 654,000 new single family dwellings on a seasonally adjusted annualized rate (SAAR). That equates to a 31.3 percent gain versus July 2015, and up 12.4 percent sequentially compared to the revised June 2016 number. The median price was $294,600, …Read more

Another Top-10 List — Best Cities to Live in for Pizza, and No One Will Ever Agree!

PIZZA My normal topics are about the economy and real estate, but occasionally, certain issues are just are too magnetic not to write about. Read The Best Neighborhoods to Trick or Treat at Halloween http://blog.stewart.com/stewart/2014/10/27/another-top-10-list-best-cities-for-trick-or-treating/ or Seinfeld, NASCAR and the US Jobs Report when I did an analogy to the Soup Nazi http://blog.stewart.com/stewart/2016/07/09/seinfeld-nascar-and-the-u-s-jobs-report-overlapping-storylines/ The study referenced …Read more