New-home sales climb for a third straight month in March
· New-home sales down for third month By: The Associated Press March 23, 2012 0 WASHINGTON – Sales of U.S. new homes fell in February for the second straight month, a reminder that the depressed housing market remains weak despite some improvement.
Your article was successfully shared with the contacts you provided. The surprisingly strong gain suggests lower mortgage rates and rising wages are helping the housing market regain its footing after.
Did Ben Carson just mistake an REO for an Oreo? Declining mortgage rates drive refis and new-home purchases With mortgage rates low and houses sadly overabundant. but they’re putting up roadblocks for would-be homebuyers. Alas, if they drive buyers out of the market, any additional slowdown in housing.Toronto home prices in record monthly drop as sales plunge TORONTO – Canada’s housing market saw another so-called payback sales drop in February, when the national average home price slumped by 5% from a year ago, after a surge in sales late last year from homebuyers looking to purchase ahead of this year’s new mortgage rules. The latest monthly.One Nomura trader convicted, one cleared at bond fraud trial Average mortgage rates up, but won’t affect home purchase season Contrary to popular belief, mortgage rates are not based on the 10-year Treasury note. They’re based on the bond market, meaning mortgage bonds or mortgage-backed securities.When shopping for a new home loan, many people jump online to see how the 10-year Treasury note is doing, but in reality, mortgage-backed securities (MBS) drive the fluctuations in mortgage rates.New GSE proposal seeks to fill capital void Higher home prices risk closing door on housing momentum CoreLogic adds self-service option to condo data service · Real Estate: S&P corelogic case-shiller national index S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. data released today for October 2016 shows that home prices continued their rise across the country over the last 12 months. More than 27 years of [.]Housing starts cooled in February after robust January The bill would require for any housing element adopted on or after January 1, 2021, that an electronic copy of the inventory of land suitable for residential development be submitted to the Department of Housing and Community Development.Nomura bond trader fraud trial ends in split U.S. jury verdict. jonathan stempel.. 33, of New York, guilty on one count of conspiring to commit securities fraud and wire fraud. It found him not.
Existing-Home Sales Climb 1.1 Percent in March News provided by. National Association of Realtors. fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March.
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New Home Sales Fall for Third Straight Month in February. January’s sales pace was revised up to 622,000 units from the previously reported 593,000 units. Economists polled by Reuters had forecast that new home sales, which account for 10 percent of housing market sales, would rise 4.4 percent to a pace of 623,000 units last month.
· Economists polled by Reuters had forecast new-home sales, which account for 11.7 per cent of housing-market sales, decreasing 2.5 per cent to a pace of 650,000 units in March.
New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They fell 1.0 percent from a year ago. The report came on the heels of data last week showing sales of previously owned homes declined for a second straight month in January amid near record low housing inventory.
The Ten-X Hotel Nowcast bounced back from two straight months of decline, climbing 1.6 percent in March, the strongest increase of any property segment. While hotel pricing had slipped below its year-ago figures in February, the strong performance was enough to push the index to 0.5 percent higher than a year ago.
Nationally, Existing-Home Sales Climb 1.1 Percent in March. conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February. The average commitment rate for all of 2017 was 3.99 percent.
Sales of new homes in the United States jumped to a 16-month high in March, marking the third straight monthly increase.
WASHINGTON – Americans stepped back from buying new homes in March, the third straight monthly decline as sales plunged sharply in the Western states. New-home sales slipped 1.5 percent last.
It’s Fed versus market as traders bet balance sheet slows hiking Mortgage rates rise for second consecutive week Mortgage Rates Rise for Third Consecutive Week. Freddie Mac released the results of its primary mortgage market survey (PMMS ) showing average fixed mortgage rates moving higher amid solid housing data on new home sales and house price appreciation.Regardless, fixed rate mortgage rates still remain near their late May, 2013 lows.The Fed said it would run off both Treasuries and mortgage-backed securities. New York Fed President William Dudley, who is also vice chairman of the Federal Open Market Committee, said he is aware that a change in policy on the balance sheet will ripple through credit and foreign exchange markets.Top-heavy housing market is crowding out the little guys Bloomberg – "Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys" (6-22-2017) "The U.S. housing market is looking a little top-heavy these days. Beneath a steady May existing home-sales number that helped put to rest fears that the busy selling season had perhaps hit a lull, the lingering supply issues haunting the industry.