Existing-home sales ease more than forecast to 5.2 million

August 2015 existing home sales were up 6.2 percent versus August a year ago, but off 4.8 percent from a restated July 2015 according to the National Association of realtors (nar). august 2015 sales came in at a seasonally-adjusted annualized rate (SAAR) of 5.31 million sales compared to five million a year ago, while the SAAR dipped from 5.58.

Refinance application share hits eight-year low: MBA (Bloomberg) — Lenders are being flooded with applications to refinance mortgages at a pace not seen since 2016, as U.S. homeowners rush to take advantage of a recent drop in rates.The Mortgage Bankers Association, a trade group, said its gauge of applications for refinancing home loans rose 0.4% last

Sales increased everywhere except in the fire-stricken West, where buying sentiment has weakened amid tight supply. Sales of town homes, condos, co-ops and single-family houses, rose 1.9 percent to an annual rate of 5.3 million units after seasonal adjustment. Economists had forecast a slight decrease to 5.2 million.

Arch’s capital cushion grew even after increased delinquencies 2009 Hampton Roads Real Estate Market Review 90 2009 INVESTMENT life companies now have the upper hand and are only lending on choice assets while continuing to monitor their over-all investment portfolio. local banks generally have limited capacity due to legal lending limits, and many have signif-

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

Home prices in 20 U.S. cities increase by most since 2014 In the United States 1.2 homes are foreclosed (per 10,000). With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.

Inventory increased, as well: 5.7 percent to 1.67 million, but 7.2 percent lower than. and -co-op sales came in at 610,000, a 5.2 percent increase from February, but a 3.2 percent decrease from the.

Sales of previously owned U.S. homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. Contract closings decreased to a 5.21 million annual rate, falling 4.9% from February’s downwardly revised pace, the National Association of Realtors.

Existing-home sales in the single-family space came in at 4.99 million in March, a 0.6 percent increase from 4.96 million in February, but a 1 percent decrease from 5.04 million the prior year. Sales of previously owned homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018.

The median forecast of 72 economists in a Bloomberg survey called for sales of existing homes to rise to a 5.2 million rate. short of the more typical 40 percent. As employment improves, wages pick.

"Economic uncertainty is no doubt holding back some potential demand, but what is desperately needed is more supply of moderately priced homes." Yun said he expects GDP growth to ease. rates,

It will be another month or two before we know the final existing home sales tally for 2018, but the current annualized run rate for sales is 5.38 million. With higher mortgage rates expected at some point in the coming year and prices still firming a bit, we think it will be hard for sales to improve much for the year as a whole.