New-home sales slump 7% in April after reaching the best level of the cycle – Reporting on sales figures for previously-owned homes in April, the National Association of Realtors said properties stayed on the market for an average of only 24 days that month. Americans are also.
Sales of previously-owned homes were 2.5% higher than in April, but 1.1% lower than the selling pace a year ago. The MarketWatch consensus forecast was for a 5.28 million annual rate. What happened.
Homeowners are scrambling to refinance their mortgages now that rates are falling. Applications to refinance mortgages surged 8 percent last week as rates dropped for the fourth straight week, the.
Mortgage Rates Drop to a Head-Turning Level – The National Association of Realtors has reported that sales of existing homes in April slipped 0.4% from March, and were down 4.4% compared to April 2018. Buyers who can find something in their price.
Mortgage Rates and Home Sales Dip as Home Prices Rise Over the past month, average mortgage rates trended higher as news of stronger growth has sent U.S. Treasury yields higher. The increase in rates has been small and average rates are still just above record lows set in November of 2012.
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Sales of previously owned U.S. homes rebounded in May to a three-month high as all regions gained amid lower interest rates and a labor market that remains strong. Contract closings rose to 5.34.
11 days ago · Pending home sales were up 0.1% in the Twin Cities in May, according to Minneapolis Area Realtors. Home sales have been slowing even with average 30-year mortgage rates slipping below 4% last month.
· In this post, we look at the non-seasonally adjusted numbers for existing home sales and mortgage applications to help you understand seasonality in the housing industry.
· Housing is a huge chunk of the U.S. economy. Look to Kiplinger’s Economic Outlooks for forecasts on existing home sales, new home sales and housing starts.
A home in Memorial Forest, where the median sales price is $1.07 million. As mortgage rates dip below 4 percent, falling to nearly two-year lows, homebuyers are likely to have lower monthly mortgage.