Monthly Archives: June 2014

New Home Sales | Beijing New Home Sales Hit 9-Year Low

BEIJING, June 30 (Bernama) — Sales of new homes in Beijing plummeted by 48.8 per cent year-on-year as at June 26, 2014, hitting the lowest level since 2005. A total of 22,782 units of new homes covering an area of 2.75 million square metres (sq m) had been sold from January 1 to June 26, down from 44,460 units sold in the same period last year, the China Daily reported. However, average prices    .. more …

Existing Home Sales | Housing's Turnaround May Have Arrived ” With Some Caveats

Existing-home sales are likely to speed up in coming months, reviving a market rebound that lost its legs during the first quarter, according to pending-sales data released Monday.The National Association of Realtor’s index of pending sales for existing homes rose 6.1% in May — the largest growth in four years — and hit the highest level in eight months. Pending sales typically close within two    .. more …

Existing Home Sales | Existing Home Sales Up 4.9%, Beating Street Views By 3%

Existing-home sales grew 4.9 percent nationwide in May, logging the best monthly increase since 2011 according to a brokers’ group.Sales were running at a seasonally adjusted annual rate of 4.89 million, up 4.9 percent from April, the National Association of Realtors said Monday.Wall Street expected a May sales rate of 4.75 million, or three percent lower than the actual number.Meanwhile, prices    .. more …

Existing Home Sales | TABLE-U.S. May Existing Home Sales Rise 4.9 Pct

June 23 (Reuters) – The following is data on U.S. existing home sales from the National Association of Realtors (seasonally adjusted annual rates): Units Sold (in mlns) May Apr AprPrev Mar May’13 Total Existing Homes 4.89 4.66 4.65 4.59 5.15 Single Family 4.30 4.07 4.06 4.04 4.56 Condos/Co-ops 0.590 0.590 0.590 0.550 0.590 Units Sold, Pct Change May Apr AprPrev May14/13 Total Existing Homes 4.9    .. more …

Existing Home Sales | Existing Home Sales Will Fall This Year: Fannie Mae Chief Economist

Duncan says the housing market has been relatively flat this year largely because of the “rate shock” occurring around this time last year which sent rates 1.2% higher in just five months. Comments by then Fed chairman Ben Bernanke that the Fed could begin to taper its asset purchases later in the year sparked the rate rise. Related: The growing wealth divide in the U.S. housing market “Sudden    .. more …

Mortgage Interest Rates | Mortgage Interest Rates Last 30 Days – Loan Love Anticipates Short-Term And Long-Term Rates

SAN DIEGO , June 18, 2014 /PRNewswire-iReach/ — LoanLove.com is a borrower advice website that has become a trusted destination for current news and expert loan advice. The website strives to empower borrowers with first class knowledge, valuable resources and connections to the top rated industry professionals. Loan borrowers can count on Loan Love to bring in the most recent mortgage rate news    .. more …

New Home Sales | US New Home Sales Surge In May

WASHINGTON (AP) ” Sales of new U.S. homes rose in May to the highest level in six years, providing the strongest signal yet that housing is recovering from a recent slowdown.New home sales jumped 18.6 percent in May following a 3.7 percent increase in April, the Commerce Department reported Tuesday. The gains followed declines in February and March that were blamed in part on harsh winter    .. more …

Existing Home Sales | Existing-Home Sales, Inventories Rose In May

WASHINGTON, DC — Sales of existing homes rose robustly in May and inventory gains continued to help moderate price growth, with all four regions of the country experiencing sales gains compared to the month prior, according to the National Association of Realtors.Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose    .. more …

Existing Home Sales | Existing-Home Sales Heat Up In May, Inventory Levels Continue To Improve

WASHINGTON, DC–(Marketwired – Jun 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors . All four regions of the country experienced sales gains compared to a month earlier. Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes,    .. more …

New Home Sales | Dollar Gauge Trades Near One-Month Low Before Manufacturing Data

The dollar extended its streak ofdeclines to the longest since April before reports this weekforecast to show orders for durable goods declined and a smallergain in new home sales in the world’s largest economy. The U.S. currency fell for the first time in three daysversus the yen after Federal Reserve Chair Janet Yellen lastweek said the central bank remains committed to low interestrates for a    .. more …