US Existing Home Sales Spike 9.4% to 14-Yr Highs

US Existing Home Sales Spike 9.4% to 14-Yr Highs

#home #sales #existing US existing home sales rose to a more than 14-yr highs in September, boosted by historically low mortgage rates. The National Association of Realtors (NAR) reported Thursday that existing home sales jumped 9.4% to a seasonally adjusted annual rate of 6.54-M units last month, the highest mark since May 2006. Economists polled had forecast sales […]

Existing Home Sales Rising at Record Pace, Well Past the Recovery Phase

Existing Home Sales Rising at Record Pace, Well Past the Recovery Phase

#home #sales #NAR US home sales rose at a record pace for a 2nd month running in July and home prices hit a record as historically low interest rates boosted demand for homes even as the C-19 coronavirus chaos put millions of out of work. The National Association of Realtors (NAR) said Friday existing home […]

US Existing Home Sales Up by Record 20.7% After Slumping for 3 Months

US Existing Home Sales Up by Record 20.7% After Slumping for 3 Months

#home #sales #prices #inventory #FHFA #NAR #work #C19coronavirus Existing home sales rose by 20.7% M-M in June to a seasonally adjusted annual rate of 4.72-M That is the largest monthly increase on record, although the seasonally adjusted annual rate of existing home sales is still 18% lower than where it stood in February. The Key […]

US Pending Home Sales Off in April

US Pending Home Sales Off in April

$DIA $SPY $QQQ $RUTX $VXX April had a record decline in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the C-19 coronavirus chaos outbreak. The National Association of Realtors (NAR) said Thursday that pending home sales index dove 21.8% from the prior month to a level of […]

US Existing Home Sales Fall More Than Expected in March

US Existing Home Sales Fall More Than Expected in March

Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the  National Association of Realtors (NAR) on Monday could temper expectations of […]

US Mortgage Rates Fall, Home Sales Rise

US Mortgage Rates Fall, Home Sales Rise

More Americans signed contracts to buy homes in January as lower mortgage rates gave the real estate market a boost. The National Association of Realtors (NAR) said Wednesday its pending home sales index rose 4.6% last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen since peaking at nearly 5% in early […]

Student Debt Holds Back First-Time Homebuyers

Student Debt Holds Back First-Time Homebuyers

Student Debt Holds Back First-Time Homebuyers US student loan debt has become a significant barrier to home ownership in the United States, as borrowers imperil their finances simply trying to get through college or professional school. About 45-M Americans have student debt, and the average borrower owes more than $30,000, according to the data. More […]