Mortgage interest rates 2018: Rates hit 7-year high, slow. – · Mortgage interest rates 2018: Rates hit 7-year high, slow home sales. Rising mortgage rates are crimping home sales. The average 30-year fixed mortgage rate hit a new.
Households likely to deleverage debt with underwater mortgage defaults: Report "Most of the deleveraging will come through default of underwater mortgages, although less consumption likely will be part of the equation as well." But consumers are not alone. excess debt is also an issue in municipalities and sovereign nations. Recent increases to interest rates will put more need for the U.S. to begin implement fiscal.
Economic Indicators: 5/28/19 – NKBA – New single-family home sales fell by nearly 7% to an annualized rate. In fact, April prices are the highest since December 2017, more than a.
In a delayed report because of the month-long U.S. government shutdown, the U.S. Commerce Department said that new home sales increased 3.7% in December, to a seasonally adjusted annualized rate of 621,000 homes. According to consensus forecasts, economists were expecting to see a modest drop to 597,000 units.
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New home sales were at a seasonally adjusted annual rate of 621,000 as of the end of December, an increase of 3.7% compared with November but down 2.4% compared with December 2017, according to the latest figures from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.
WASHINGTON (AP) – March 6, 2019 – Sales of new U.S. homes climbed in December to their highest pace in seven months, a sign that lower mortgage rates are helping the real estate market. The Commerce Department said Tuesday that new-home sales rose 3.7 percent in December to a seasonally adjusted annual rate of 621,000.
Housing starts fall 5.8%, disappointing analyst estimates Housing starts fall 5.8%, disappointing analyst estimates – Housing starts fall 5.8%, disappointing analyst estimates.. "Housing starts dipped 5.8% in March after decreasing 2.8% in February. The March pace of 0.654 million units came in lower than.
Existing home sales slipped 10% year-over-year in December, after declining 7% in November. The sales drop is the steepest year-over-year.
Sales are up 3.1% from revisions that subtracted 71,000 units in prior months. By region, sales rose 44.8% in the Northeast, fell 15.3% in the Midwest, rose 5.0% in the South, and Rose 1.4% in the West. Treat these numbers with a bit of skepticism. New Home Sales and New Homes For Sale
Economists polled by Reuters had forecast new home sales, which account for about 11.2 percent of housing market sales, falling 8.7 percent to a pace of 600,000 units in December. New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They fell 2.4 percent from a year ago.
Sales of new single-family homes in December 2007 fell 4.7% in December from the month before to their lowest level since April 1995, according to the U.S. Commerce Department.
San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York. compared to December,