New-home sales decline in January to three-month low

New Home Sales Decline By Michael Neal on May 23, 2018 Sales of new homes fell by 1.5 percent over the month of April to a seasonally adjusted annual rate of 662,000.

New Home Sales Drop 7.8 Percent to 5-Month Low in January. Economists polled by Reuters had forecast new home sales, which account for nearly 10 percent of the housing market, rising to a pace of 645,000 units last month. sales tumbled 33.3 percent in the Northeast to their lowest level since August 2016.

market, initial claims for unemployment insurance have climbed in March from the 43-year low reached at the end of February. In the first three weeks of March, claims increased by 34,000 from the recent low to reach a three-month high.

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After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from last year.

At the same time, sales climbed 22 percent from October, the biggest three-month gain since the end. after falling to an all-time low in 2010, the company said. Sparse sales in January shrank the.

US New Home Sales at 8-Month Low. Sales of new single-family houses in the United States declined 5.3 percent from the previous month to a seasonally adjusted annual rate of 631 thousand in June of 2018, following a downwardly revised 3.9 percent gain in May.

“The gradual decline in mortgage. noted that a slowdown in sales during the fourth quarter means that there are some elevated new home inventories in some markets. The report noted that all HMI.

CONDO PRICE DROP 20K IN ONE MONTH  When the company last reported on April 25, earnings of $2.23 missed estimates by 27 cents on a 5% decline. its sales of.

People on the move: Feb. 9 Equity-rich properties rise as fewer go underwater “However, only one in 11 mortgages are seriously underwater today, compared. Although, if the latest trend continues, it will raise another clear signal of a. strong for sellers, with fewer needing to get out from under financial distress.. states with the highest share of equity rich properties were California.Application activity increases, led by uptick in refis "Absolutely," said Fred Glick, chief executive of U.S. Loans Mortgage Inc., in Philadelphia, when asked whether he had seen an uptick in refis. "The rates, along with the lifting of program restrictions in the aftermath of the 2008 [economic] crisis, has helped propel people into exploring refinancing."Walter Investment’s emergence from bankruptcy is delayed In bankruptcies, bondholders and unsecured creditors are paid from the company’s assets before common stockholders. Although a company may emerge from bankruptcy as a viable entity, the creditors and the bondholders generally become the new equity owners — and their first order of business is to cancel the existing equity shares.

New home sales in the midwest slipped in June to a seasonally-adjusted annual rate of 56,000 homes, a decline of 11.1 percent from the month before when sales were at a rate of 63,000 homes, according to a report just released by the U.S. Commerce Department.

New home sales drop to three-month low. NSW had the largest rise in sales of detached new homes in May, up 13.6 per cent, while south australia rose 2.1 per cent. Queensland had the largest decline in sales, down 12.3 per cent, Western Australia was down 10.7 per cent and Victoria fell 8.5 per cent.