The Chicago PMI plunged from 56.2 to 48.7 in November. A reading below 50 indicates economic contraction, but this is a volatile index. Pending home sales rose only 0.2% in October to 107.7, reflecting soft home sales. The Dallas Fed Manufacturing survey improved, but still remained in negative territory in November, rising from -12.7 to […]
Still struggling to find the right home in a competitive housing market, buyers aren’t flocking to close sales like they were in the spring, the National Association of Realtors (NAR) noted in its latest Pending Home Sales Index. Pending...Show More Summary
Pending home sales for the month of October were nearly flat vs. economists expectations of something much higher.The Wall Street Journal reports Pending Home Sales Rise 0.2% in October, economists had predicted a 1.5% increase.The Bloomberg Econoday consensus was for a +1.0% gain. Show More Summary
The L.A. Home Where “House Party” Was Filmed Is On The Market For Sale Get ya kick-step ready! The Los Angeles house where the iconic hip-hop coming-of-age flick “House Party” was filmed has hit the market for fairly decent price
Are buyers finally resisting unrelenting price increases in the California home market? Or, is it just that time of year for sluggish home sales?...
Pending US home sales rose slower than expected in October, up 0.2% MoM. They also increased by 2.1% YoY, also less than expected. The culprits? Falling oil prices and withering monetary stimulus from The Federal Reserve. Boomtown to...Show More Summary
Credit Suisse’s Seth Sigman and his team have a note looking at Black Friday winners over a holiday weekend that he calls “the most omnichannel yet,” as retailers continue to chase online sales. He writes that the “narrative so farShow More Summary
The number of existing homes that went under contract in the US inched up in October.
We were told that low oil prices were unequivocally good for America, so it's odd that, after seeing the weakest growth in pending home sales since Nov 2014, NAR blames "softness in sales on oil-related job losses from low oil prices." Pending home sales grew 2.1% YoY in October, (way below the 4.3% expected growth and 3.2% growth in September). Show More Summary
Daniel Acker/Bloomberg via Getty Images By JOSH BOAKWASHINGTON -- Slightly more Americans signed contracts to buy homes in October, in a modest rebound that suggests the real estate market has crested.The National Association of Realtors says its seasonally adjusted pending home sales index rose 0.2 percent to 107.7 last month. Show More Summary
WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose far less than expected in October, the latest sign that the housing market recovery was losing momentum after strong gains early this year. The National Association of Realtors said on Monday its pending home sales index edged up 0.2 percent to 107.7. Show More Summary
From the NAR: Pending Home Sales Nudge Forward in OctoberThe Pending Home Sales Index, a forward-looking indicator based on contract signings, inched 0.2 percent to 107.7 in October from an upwardly revised 107.5 in September and is now 3.9 percent above October 2014 (103.7). Show More Summary
The latest data on pending home sales are expected at the top of the hour. Economists estimate, according to Bloomberg, that pending home sales rose 1% month-on-month in October. In the previous month, they fell 2.3%. "We believe demand...Show More Summary
Relatively unchanged home sales activity in the seven-county Chicago metro has done little to halt median sales price growth. According to RE/MAX Northern Illinois, during October home sales volume within the metro dropped by 1 percent on a year-over-year basis. Show More Summary
Tyga's dropping all kinds of excuses for not closing the deal on a pricey Calabasas home close to Kylie Jenner, but there are some strong signs why the sale keeps stalling out. Sources tell us Tyga's been in escrow 3 times on the $10 million, 8…
From the WSJ: Divergent Paths for U.S., European Central BanksThis break in rate policy, particularly between the Fed and the European Central Bank, could strengthen the dollar even further against the euro, crimping U.S. exporters while giving a leg up to European ones.The divergent paths highlight how much more vigorous the U.S. Show More Summary
'Black Friday' sales attracted mostly discount hunters among the low-income consumers, while the wealthier opted staying at home, thus leaving apparel and perfume shops on the skids in the wake of holiday season.
The median price for single-family homes in Los Angeles County, based on more than 4,800 sales, was $510,000 in October, according to CoreLogic. But how much house does half a million dollars buy? Here’s a sample of homes for sale at about that price around the L.A. area. ECHO PARK: Set back from...
For something that would seem so easy to personally define as one place, "home" can be many places. A house that was just purchased is a new home. One vacated for sale is an old home. The residence of parents might still be a family home. Multiple property owners might have vacation homes, summer...
October is come and gone and retailers and consumers are seeing changes in how credit cards are accepted. Just recently at Home Depot I was prompted to use my credit card’s chip and pin to finish a transaction. The world of “swipe” and “sign” is just about over. Show More Summary