Monthly Archives: April 2014

Existing Home Sales | Lower Home Inventories: Opportunities For Homebuilders Like Lennar

Key takeaways from February’s report: Existing home sales in February, 2014 declined by 0.4% m-o-m and 7.1% year-on-year, the steepest fall since May 2011.Although the Seasonally Adjusted Annual Rate (or SAAR) for existing home sales at 4.60 million units was in-line with consensus estimates, this was also the lowest level since June, 2012.February was the fourth consecutive month that existing    .. more …

Mortgage Interest Rates | Historic Mortgage Rates Trends Reviewed On LoanLove.com

San Diego, CA (PRWEB) April 25, 2014 LoanLove.com is a borrower advice website that offers up-to-date information on all the latest news and developments that affect home loan borrowers and the options that they have available to them. The website provides in-depth information in an easy-to-understand format that both experienced and first time home loan borrowers can greatly benefit from. The    .. more …

Existing Home Sales | Existing Home Sales Hit Slowest Pace Since 2012. Why Analysts Aren’t Worried. (+video)

Existing home sales fell 0.2 percent last month and 5.7 percent below the level seen in March 2013. Still, analysts expect the busy spring buying season and improving weather to turn around existing home sales figures.By Schuyler Velasco , Staff writer /April 22, 2014Existing home sales dipped a slight 0.2 percent in March, to a seasonally adjusted annualized rate of about 4.59 million, according    .. more …

New Home Sales | Why Focus On New Home Sales And Homebuilder Earnings?

The bad news…. New home sales came in well below expectations, at 384,000, as opposed to 450,000. This was a terrible number, and this time around, you can’t blame the weather. It appears that the combination of increasing average selling prices and increasing mortgage rates have finally caused the homebuyer to say “uncle.” For all the good economic data, unless we have a robust housing sector    .. more …

Existing Home Sales | Existing Home Sales Fall Slightly In March, To Lowest Level Since July 2012

Existing-home sales dipped just slightly in March, bringing their volume to the lowest level since July 2012, data released by the National Association of Realtors Tuesday shows.Sales of existing, or previously owned, homes fell by two tenths of 1% to a rate of 4.59 million (seasonally adjusted) in March, down from 4.6 million in February. That pace is 7.5% below the 4.96 million pace one year    .. more …

New Home Sales | US New-home Sales Dive 14.5% In March

Washington (AFP) – US new-home sales dived in March, the second month in a row of slower sales, according to official data released Wednesday adding to signs of weakness in the housing market.New single-family houses were sold at a rate of 384,000 units annually in March, from February’s revised rate of 449,000 units, the Commerce Department said.It was the steepest monthly decline since last    .. more …

Mortgage Interest Rates | Kiwis Rush To Fix Their Loans

Homeowners are rushing to fix their mortgage interest rates after the second cash rate increase in as many months. New Zealand’s five biggest banks – BNZ, Westpac, ANZ, Kiwibank and ASB – report a “significant” lift in fixed mortgage deals since the OCR hike in March. Further rises are likely after Reserve Bank Governor Graeme Wheeler lifted the OCR 25 basis points to 3 per cent on Thursday.    .. more …

New Home Sales | No Spring Thaw For Housing As New-Home Sales Dive 14.5%

New-home sales dived 14.5% in March to an annualized 384,000, the Commerce Department said Wednesday ” fresh evidence that housing remains in a rut. The latest reading is the lowest since last July, soon after the Federal Reserve signaled that it would start to raise rates.”Given the last few months, it looks like it’s something more than the weather,” said Scott Brown, chief economist at Raymond    .. more …

Existing Home Sales | Why Existing Home Sales Are Flat But First-time Homebuyers Return

Restricted supply has been the theme of the U.S. housing market over the past year At the end of January, there were 1.99 million existing homes for sale, representing a 5.2-month supply. This is higher than the 4.7-month supply a year ago. A level of 6 to 6.5 months indicates a balanced market. So, while inventory is building, we’re still at tight levels. As professional investors have become    .. more …

New Home Sales | Why Did The New Home Sales Collapse In March This Year?

Restricted supply has been the theme of the U.S. housing market over the past year At the end of February, there were 193,000 new homes for sale, representing a six-month supply. The median time a new home has been on the market shrunk from nine months last summer to the current figure of five months. As professional investors have become major players in the real estate market, we’re seeing    .. more …