New-home sales declined more than forecast in December

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"Sales of existing homes in the U.S. fell more than forecast in December, capping the biggest yearly slump in more than a generation. Purchases fell 2.2 percent to an annual rate of 4.89 million, the National Association of Realtors said today in Washington. For all of last year, sales of single-family homes declined 13 percent, [.]

Plaza Home Mortgage to allow bank statements for its non-QM loan Non QM Loans are not just for residential owner occupied properties. borrowers of investment properties who do not qualify with QM Loans can qualify for Non QM Loans. For example, The Gustan Cho Team at Gustan Cho Associates offers bank statement loans, asset based loans, and no income/no tax returns loans via Non QM Loan Programs.

Housing Starts Decline to Two-Year Low in December Bloomberg News U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for.

Colonial Savings founder James S. DuBose dies at 93 Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93. Obit: Frank Cahouet turned around Mellon in late ’80s 06/22/17. Former Mellon Financial ceo frank cahouet is credited with leading the Pittsburgh company out of a difficult financial period. He was also.

On-market listings, December 2017: 2,200. Sellers listed 12,347 homes last month, an 8.4 percent drop year-over-year.. Detroit is unique when it comes to total unit sales, too: More than 4,500 sales closed in all of. "I personally don't forecast major growth in real estate in 2019," said Dan Gutfreund,

December 6, 2018. 27 by forecasts the Chicago-Naperville-Elgin. The combination of steeply declining home sales and values lands the. those most likely to be buying homes – are more severe than in the rest of the nation, the weak. not about generating new revenue to fund campaign promises of higher.

Housing Market Worsens As New Home Sales Collapse Market Forecast: Case-Shiller Home Price Index, New Home Sales, and Pending Home Sales December 24, 2018; Markets will be closed tomorrow in observance of the Christmas Holiday. Last week, the Federal Open Market Committee voted to raise the Federal benchmark interest rate, as expected.

Written by Daryl Fairweather on December 19, 2018. 2019, which will push the average 30-year fixed mortgage rate up to about 5.5 percent by the end of the new year.. Rising interest rates will also impact more than just home sales.. permits flatten, and we predict per-unit values of building permits will decline in 2019.

Existing Home Sales Decline Sharply in December By Fan-Yu Kuo on January 22, 2019 (). total existing-home sales, released by the National Association of Realtors, decreased 6.4% to a seasonally adjusted rate of 4.99 million in December, after two consecutive months of increase.Compared with a year ago, sales decreased 10.3% in December, the lowest level since November 2015.

Ginnie Mae MBS issuance returns to year-ago levels The issuance of Ginnie Mae’s mortgage-backed securities (mbs) totaled $27.3 billion in March. Its total outstanding principal balance also continued to climb, increasing to $2.05 trillion compared.

We had a very disappointing report on December new home sales today. New home sales declined 10 percent in December from November to a seasonally adjusted annualized rate of 536,000. That December.