Existing-home sales decline for fifth time in six months

Lawrence Yun, NAR chief economist, says rising interest rates have led to a decline in sales across all regions of the country. “This is the lowest existing home sales. small month over month.

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 · 2018 National & Local Home Market. On a month-to-month basis, existing home sales in August dropped for the fourth time in five months, while contract activity fell for the fifth time in six months. In the meantime, Hurricane Harvey devastated the Houston area, while preparations in Florida for Hurricane Irma began in August..

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October existing-home sales increased last month, after six straight months of decreases, the National Association of REALTORS reported Wednesday. Three of four major regions saw gains in sales.

“After six consecutive months of decline, buyers are finally stepping back into the housing market,” said Yun in a statement published by NAR. “Gains in the Northeast, South and West – a reversal from last month’s steep decline or plateau in all regions – helped overall sales activity rise.

Existing home sales in the Northeast grew 1.5% to an annual rate of 690,000 in September, which is a 6.8% above a year ago. The median price in the Northeast increased 3% from October 2017 and.

Existing-home sales rose. the temporary but slight decline in mortgage rates.” Total housing inventory at the end of May climbed 2.2 percent to 2.28 million existing homes available for sale, which.

Impac’s shift to non-QM helps to reduce fourth-quarter loss Despite reduce rates, originations fell to reduction than half of 2018’s initial entertain during scarcely 2 million. Mortgage prolongation also was down roughly 8% from a fourth quarter. But a first-quarter tends to be seasonally weak, and there are signs fad conditions could urge in a second quarter, when open home shopping deteriorate.

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HOUSTON – (March 11, 2015) – falling oil prices and related layoffs, limited housing inventory, and rising home prices contributed to the first decline in home sales the Houston market has seen in six months. Sales of single-family homes dropped 5.8 percent year-over-year in February, led largely by faltering activity among homes priced above $500,000, which, until now, had been one of the market’s.

Recently hot housing markets now see biggest sales declines Ex-Cantor bond trader on trial as defense assails profiteers Demos’s attorney, Jose Baez, previewed a defense strongly. investment decisions. Ex-cantor bond trader latest on Trial in U.S. Probe: Scorecard In his opening statement, Baez called the alleged.Okay, 2018 was quite the tease in the housing market. The year started out hot, only to taper off halfway through. But plenty of Americans still traded their For.

Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available.

KEYWORDS Existing home sales NAR National Association of Realtors Pending Home Sales index pending home sales decreased in August for the fifth time in six months, and was especially slow in areas.

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