Coupled with slow sales activity in existing homes, it’s an ominous start to 2018 for the real estate industry After an underwhelming existing home sales report last week set an ominous tone for the start of 2018, the real estate industry was hoping and expecting some good news from January’s new home sales data from the U.S. Show More Summary
Update: Watching existing home "for sale" inventory is very helpful. As an example, the increase in inventory in late 2005 helped me call the top for housing.And the decrease in inventory eventually helped me correctly call the bottom...Show More Summary
While the sales of new (and existing) homes crashed most in five years (as rates have spiked), stocks were panic-bid as the manic-month draws to a close Nasdaq managed to get back to even for February... Trannies were best on the...Show More Summary
Following the significant disappointment of January's existing home sales, hopes were high for a rebound in new home sales (+3.5% expected after December's 9.3% plunge) but those hopes were crushed as January new home sales crashed 7.8%...Show More Summary
U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market....The supply squeeze and rising mortgage interest rates are stoking fears of a lackluster spring selling season. Show More Summary
Single-family home sales in the West and Midwest show the largest drops Most of the housing market’s ills can be traced to one cause—there simply aren’t enough homes for sale to satisfy demand. It’s driving home prices and rents up,Show More Summary
US Existing Home Sales declined 3.2% MoM in January, but fell 4.8% YoY (SA). That is the lowest growth rate since 2014. The post US Existing Home Sales Fall 5% YoY To 2014 Levels As Inventory Remains Near All-time Lows was originally published at The Wall Street Examiner. Follow the money!
Due largely to a shortage of affordable inventory, total existing-home sales sank 3.2 percent in January to a seasonally adjusted annual rate of 5.38 million from December 2017. After last month's decline, sales are 4.8 percent below a year ago (largest annual decline since August 2014 at 5.5 percent) and at their slowest pace since last September.READ MORE www.metrointel.com
Earlier: NAR: "Existing-Home Sales Slip 3.2 Percent in January"A few key points:1) As usual, housing economist Tom Lawler's forecast was closer to the NAR report than the consensus. See: Lawler: Early Read on Existing Home Sales in January. Show More Summary
Sales of existing homes in the U.S. fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale. The National Assn. of Realtors said Wednesday that sales dropped 3.2% from December to January, the second...
CNBC's Diana Olick reports the latest read on existing home sales.
The National Association of Realtors (NAR) said that existing home sales decelerated for the second straight month, down 3.2 percent in January. Sales of existing homes declined from 5.56 million... The post Existing Home Sales Start the New Year Slower, with Supplies Limited appeared first on Shopfloor.
U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale.
After new- and existing-home sales tumbled in December, expectations were for a modest 0.5% rebound in January (despite plunging mortgage applications and soaring rates). But that did not happen as existing home sales tumbled 3.2% MoM...Show More Summary
U.S. home sales unexpectedly fell for a second straight month in January.
From Matthew Graham at Mortgage News Daily: Mortgage Rates Unable to Extend Last Week's GainsMortgage rates moved back up today after ending last week on a positive note. Improvements in rates have been uncommon so far in 2018. In fact, we haven't seen more than 2 consecutive days without a move higher. Show More Summary
This will be a light week for economic data and the key economic report this week is January existing home sales. The NAR is scheduled to report January Existing Home Sales on Wednesday, February 21st at 10:00 AM ET.The consensus, according to Bloomberg, is that the NAR will report sales of 5.65 million. Show More Summary
The key economic report this week is January existing home sales. ----- Monday, Feb 12th ----- All US markets are closed in observance of the Presidents' Day holiday. ----- Tuesday, Feb 13th ----- No major economic releases scheduled. Show More Summary
From housing economist Tom Lawler:Based on publicly-available local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors ran at aShow More Summary
After five straight months of acceleration, January saw Canadian existing home sales crash 14.5% - the biggest drop on record... Home prices rose 7.7% over the past 12 months, but it appears a sudden close-eye on Chinese buyers has hit...Show More Summary