Existing-home sales fall to three-year low, miss estimates

Sales mix has been moving in the right direction, and that carries over to the replacement sales cycle, given commercial users wear down equipment at much faster rates. Housing starts are looking less.

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Existing Home Sales Miss Estimates. 20-Jun-18 10:00 ET . Dow +61.98 at 24762.19. Just in, existing home sales decreased 0.4% in May to an annualized rate of 5.43 million units (Briefing.com consensus 5.55 million). The April reading was revised to 5.45 million (from 5.46 million).

 · Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February, led by the Midwest, as lower mortgage costs.

How to Convert a Shed to a Cabin! Sales of previously owned homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended. contract closings decreased 6.4% from the prior month to an annual rate of 4.99 million in December, the National Association of Realtors said Tuesday.

Wal-Mart said its second-quarter earnings could miss. Inc.(LOW.N), due on Monday, will be scrutinized for more clues about the state of the U.S. housing market. Rival Home Depot this past week.

Sales of previously owned U.S. homes fell to the weakest pace in more than three years, falling short of estimates and indicating the housing market remained in a slowdown as the year ended. Contract closings decreased 6.4 percent from the prior month to an annual rate of 4.99 million in December.

How risk-sharing deals are renewing the Fannie Mae, Freddie Mac rivalry When Fannie Mae and Freddie Mac launched credit risk-sharing mortgage bond deals last year, it was met with excitement by investors. Recently, analysts from wells fargo (wfc) suggested that the.FHFA launches resources for lenders serving Spanish-speaking borrowers Washington, D.C. – (October 15, 2018) – The federal housing finance agency (fhfa), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited english proficient (lep) borrowers.

 · The Census Bureau report released today shows housing starts for last month were 1,162,000 a miss from estimates. Even though some are disappointed with the number of housing starts recently, the numbers look perfectly right to me. They show a slow tortoise crawl upward, as I expected.

April data included negative new home sales m/m but from an upwardly revised expansion high in March. Existing home sales. unless they fall below 4.25%. Mortgage rates are below 4.2%, (1/2 of the.

and existing home sales fell to a 12-year low. And even when there are recent sales figures, they often don’t hold up as a reliable baseline. Appraisals are estimates of market value at a given time,

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