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DOC New Home Sales and NAR Existing Home Sales
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of...
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What’s Ahead For Mortgage Rates This Week – October 6, 2014
Last week’s economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate...
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What’s Ahead For Mortgage Rates This Week – January 5, 2015
Case-Shiller reported that home prices hit their lowest pace in two years. According to the Case-Shiller 20-City Home Price Index for October, home prices fell in 10 cities, rose in eight cities and...
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What’s Ahead For Mortgage Rates This Week – May 26, 2015
Last week’s economic reports included several readings related to housing The Wells Fargo/National Association of Home Builders Housing Market Index, the Commerce Department’s releases on Housing...
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What’s Ahead For Mortgage Rates This Week – August 17, 2015
Last week’s economic reports related to housing were few and far between other than weekly reports on new jobless claims and Freddie Mac’s mortgage rates survey. Mortgage Rates Mixed, Jobless Claims...
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Existing Home Sales Fall More Than Expected
Sales of previously owned homes reached 5.36 million sales on a seasonally adjusted annual basis and fell by 3.40 percent in October according to the National Association of Realtors®. Rising home...
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Existing Home Sales Dip More Than Expected
November sales of pre-owned homes dipped lower than expected and prior month’s readings according to the National Association of Realtors® (NAR). Analysts expected existing home sales to slow to a...
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