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US existing home sales rebound in May as prices rise

3 days agoNews : The Cutline

Sales of existing homes rebounded in May after April's surprise dip, and prices edged higher, according to industry figures released Wednesday. The National Association of Realtors said strong demand and inexpensive mortgages were driving up prices at an unsustainable rate. The sales pace beat analyst expectations and was 2.7 percent above the same month last year.

Existing-home sales jump more than expected

US existing-home sales rose more than forecast in May, according to the National Association of Realtors. Sales of existing condos, coops, and single-family homes increased by 1.1% at a seasonally adjusted annual rate of 5.62 million. The NAR's April report showed again that inventory levels are super-low. Show More Summary

Lawler: Early Read on Existing Home Sales in May

From housing economist Tom Lawler:Based on publicly-available local realtor/MLS reports from across the country released through today, I project that US existing home sales as estimated by the National Association of Realtors ran at...Show More Summary

NAHB's Housing Market Index dips two points in June

Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). All three HMI components posted losses in June but remain at healthy levels.READ MORE www.metrointel.com

NAHB Housing Market Index drops 2 points in June

CNBC's Diana Olick reports the latest read on housing market sentiment from the National Association of Home Builders.

NAHB: Builder Confidence decreased to 67 in June

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 67 in June, down from 69 in May. Any number above 50 indicates that more builders view sales conditions as good than poor.From NAHB: Builder...Show More Summary

The Changing Face of Real Estate: Who’s Buying and What Are They Buying?

The National Association of REALTORS has been studying home buyers and sellers by generation since 2013.  The Home Buyers and Sellers Generational Trends Report looks at both the differences and similarities of the generations.  The report also looks at how the generations affect the real estate industry.  This report is very important because it details […]

The Big Chill? Pending Home Sales Fall 5.40% YoY In April (Except UP In West) Culprit? 2000s Levels Inventory

The National Association of Realtors has some not-so-great news this morning on Pending Home Sales. The post The Big Chill? Pending Home Sales Fall 5.40% YoY In April (Except UP In West) Culprit? 2000s Levels Inventory was originally published at The Wall Street Examiner. Follow the money!

Pending home sales once again hindered by inventory

The National Association of Realtors Pending Home Sales Index is down for the second consecutive month after a strong end to Q4 2016 and a 5.5 percentage point rebound in January...

Pending home sales drop 1.3% in April as spring housing market shows weakness

Pending home sales had last slipped 0.8 percent in March, the National Association of Realtors reported last month.

Home sales fall as tight supply boosts prices

``U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping house prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units last month''

Charlotte to host NBA All-Star 2019

NEW YORK -- The National Basketball Association announced today that Charlotte will host NBA All-Star 2019. The 68th NBA All-Star Game will take place at Spectrum Center, home of the Hornets, on Sunday, February 17, 2019.

Home sales fell in April amid supply squeeze

Americans pulled back their pace of home-buying in April, as shrinking inventories and rising prices are putting them in a bind with fewer and fewer options. The National Association of … Click to Continue »

Here come existing-home sales ...

The National Association of Realtors will release its monthly report on existing-home sales at 10 a.m. ET. Economists forecast that sales of existing condos, coops, and single-family homes fell 1.1% at a seasonally adjusted annual rate of 5.65 million. Show More Summary

Ventry:Trump's Tax Plan Will Boost, Not Reduce, Home Ownership

The Hill op-ed: Trump's Tax Plan Can Boost, Not Reduce, Homeownership, by Dennis J. Ventry, Jr. (UC-Davis): President Trump’s tax plan has the housing industry in a tizzy. The National Association of Realtors (NAR) says it puts “at risk... targeted tax incentives” like the mortgage interest deduction (MID) and...

Lawler: Early Read on Existing Home Sales in April

From housing economist Tom Lawler:Based on publicly available state and local realtor/MLS reports released through today, I project that US existing home sales as estimated by the National Association of Realtors ran at a seasonallyShow More Summary

Homeowners doing more renovations, spending more

CNBC's Diana Olick reports the latest read on sentiment from the National Association of Home Builders.

Builder confidence up, new home mortgage apps down

CNBC's Diana Olick reports the latest read on sentiment from the National Association of Home Builders.

Home prices surge with no sign of slowing in Q1

The National Association of Realtors (NAR) released its latest Metropolitan Median Area Prices and Affordability report, which boasted the best quarterly sales pace in nearly a decade...

NAHB Housing Market Index rises to 70 in May, second-highest rating since the recession

In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Show More Summary

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