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Posts Tagged ‘ Sales ’

CAR: “California home sales moderate in March”

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CAR: “California home sales moderate in March”

The CAR reported: California home sales, median price moderate in March, C.A.R. reports The lowest interest rates in more than a year boosted California’s housing market and kept home sales level in March after an exceptionally strong performance the previous month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing,...
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BEA: March Vehicles Sales at 17.5 Million SAAR

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BEA: March Vehicles Sales at 17.5 Million SAAR

The BEA released their estimate of March vehicle sales. The BEA estimated sales of 17.48 million SAAR in March 2019 (Seasonally Adjusted Annual Rate), up 5.7% from the February sales rate, and up 1.4% from March 2018. With the strong sales in March, 2019 is averaging 16.9 million (average of seasonally adjusted rate), just...
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Tuesday: Vehicle Sales, Durable Goods and More

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Tuesday: Vehicle Sales, Durable Goods and More

From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge 0.125% Higher Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today’s move was by far the biggest and it leaves the average lender offering rates that are at least an eighth...
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Friday: New Home Sales, Personal Income and Outlays

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Friday: New Home Sales, Personal Income and Outlays

Friday:• At 8:30 AM ET, Personal Income, February 2019; Personal Outlays, January 2019. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%. • At 9:45 AM, Chicago Purchasing Managers Index for March. The consensus is...
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Comments on February Existing Home Sales

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Comments on February Existing Home Sales

Earlier: NAR: Existing-Home Sales Increased to 5.51 million in February A few key points: 1) Seasonally February is one of the weakest months of the year for existing home sales (See Not Seasonally Adjusted NSA graph below).  Since existing home sales are counted at closing, these are properties that usually went under contract during...
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Thursday: New Home Sales, Unemployment Claims

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Thursday: New Home Sales, Unemployment Claims

Note: Still catching up on New Home sales following the government shutdown. The report released tomorrow will be for January. The February new home sales report is scheduled for March 29th. The March report will be released on the normal schedule. Thursday:• At 8:30 AM, The initial weekly unemployment claims report will be released....
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A few Comments on November New Home Sales

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A few Comments on November New Home Sales

First, this report was for November (it was almost ready to release when the government shutdown began in December). The December report will probably be released soon, but no release date has been announced yet. Based on other data, I’d expect sales to be weak in December, but talking to builders, I expect a...
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Friday: Durable Goods, New Home Sales (Postponed)

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Friday: Durable Goods, New Home Sales (Postponed)

Probably the four most important data releases for tracking the economy are 1) the monthly employment report, 2) the quarterly GDP report, 3) the monthly housing starts report, and 4) the new home sales report.  Only the employment report is being released on time. The government shutdown is delaying 3 out of 4 of...
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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 6,403 from 7,070 in December 2017. Sales were down 1.7% from November, and down 9.4% from December 2017....
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Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

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Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada housing market slowed down in December, GLVAR housing statistics for December 2018 The recent cooling trend...
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