New home sales fell 7% in December

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Editor’s Note: Updating earlier story with more details from report. – Gold prices hung onto earlier gains after sales of previously owned U.S. homes fell by 0.7% in July to a seasonally adjusted and annualized pace of 5.34 million, according to a report Wednesday from the National Association of Realtors. Around 10:03 a.m. EDT, Comex December gold was up $3.60 at $1,203.70 an ounce.

 · New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets.The median sales price of a new home fell 2.7% from a year ago to $308,000.Still, there are signs that sales could recover.Sales of existing homes – which are the bulk of the market – rebounded in May.

There’s just the slightest hint of a pause in the big homebuilder rally after December. fell 10.4% to a seasonally adjusted annualized rate of 536K vs. the 593K pace expected. On a year-over-year.

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 · US new-home sales fell 6.9 per cent in January In this Thursday, Feb. 21, 2019 photo a sign is posted near a newly constructed home in Natick,

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 · WASHINGTON (AP) – Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets. The Commerce Department said Tuesday that new homes.

WASHINGTON – Groundbreakings on new homes. month that U.S. home prices rose 6.2% in November from a year earlier, according to its CoreLogic Case-Shiller national home price index. And sales of.

Sales of new homes drop 7% in December. WASHINGTON – U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of.

He is the first and only real estate professional to receive recognition by Guinness World Record for his sales record. Ben created the HomeUSA.com New Homes Sales Index. New home sales fell slightly.

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 · New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7%.

Second Liens Still Lurking at Wells Fargo Moody’s predicts tougher times for some homebuilders Subprime Bloodletting Continues at Fitch Freddie Mac: Top 5 improving metro markets for housing The state and city of Denver housing. value improved 5.76 percent, according to Freddie Mac. Yesterday, seven cities in Colorado were in the top 25 nationally, with Thornton ranking No. 8,CoreLogic: 10.4 million mortgages still in negative equity term continues to be extended in an effort to keep payments manageable for borrowers, but asset. Auto ABS Index: In the auto abs driver’s seat 2q17 5 july 27, 2017. Fitch’s subprime index, well above historical levels.Of course, unlike in 2008, uninsured mortgage borrowers face tougher lending rules today. In January 2018, stress testing was extended to the uninsured-mortgage segment, meaning borrowers with downpayments of 20 percent or more now need to qualify at a rate that is 200 basis points higher than what is on their contract.California’s labor market recovers all jobs lost during recession The travel industry has recovered all of the jobs it lost during the recession. to completely rebound from the recession, the travel industry has surpassed its pre-recession employment numbers. U.S. · And there are additional worries. Many of the servicers work for the largest four banks – Wells Fargo, Bank of America, Citi, and JP Morgan – and these four banks have large exposures to junior liens. These are second or third mortgages or home equity lines of credit that would have to be wiped out before the first mortgage can be modified.