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Posts Tagged ‘ Sales ’

Houston Real Estate in September: Sales up 9.5% YoY, Inventory Up 7%

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Houston Real Estate in September: Sales up 9.5% YoY, Inventory Up 7%

Another hot regional market in September. From the HAR: The Houston Housing Market Shows no Letup in September Houston home sales registered the seventh positive month of 2019 in September as consumers continued to take advantage of low mortgage interest rates, keeping a market that normally slows down this time of year buzzing. According...
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Thursday: GDP, Unemployment Claims, Pending Home Sales

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Thursday: GDP, Unemployment Claims, Pending Home Sales

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 211 thousand initial claims, up from 208 thousand the previous week. • At 8:30 AM, Gross Domestic Product, 2nd quarter 2018 (Third estimate). The consensus is that real GDP increased 2.0% annualized in Q2, unchanged from...
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Comments on June Existing Home Sales

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Comments on June Existing Home Sales

Earlier: NAR: Existing-Home Sales Decreased to 5.27 million in June A few key points: 1) The key for housing – and the overall economy – is new home sales, single family housing starts and overall residential investment. Overall, this is still a somewhat reasonable level for existing home sales.  No worries. 2) Inventory is...
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California Bay Area Home Sales Decline 4.7% YoY in Q2, Inventory up 11% YoY

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California Bay Area Home Sales Decline 4.7% YoY in Q2, Inventory up 11% YoY

From Compass chief economist Selma Hepp: How did the spur of IPOs impact Bay Area housing markets? • Higher-end sales surged. While the total number of homes sold in the second quarter trended below last year by about 5 percent, higher-priced sales, above million, surged again bringing second quarter sales in line with last...
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Friday: Retail Sales, Industrial Production

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Friday: Retail Sales, Industrial Production

Friday:• At 8:30 AM, Retail sales for May is scheduled to be released.  The consensus is for 0.7% increase in retail sales. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for May. The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to...
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Thursday: GDP, Unemployment Claims, Pending Home Sales

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Thursday: GDP, Unemployment Claims, Pending Home Sales

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, up from 211 thousand last week. • At 8:30 AM, Gross Domestic Product, 1st quarter 2019 (Second estimate). The consensus is that real GDP increased 3.0% annualized in Q2, down from the...
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Lawler: Early Read on Existing Home Sales in April

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Lawler: Early Read on Existing Home Sales in April

From housing economist Tom Lawler: Early Read on Existing Home Sales in April Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.31 million in April, up 1.9% from...
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Tuesday: New Home Sales, Richmond Fed Mfg

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Tuesday: New Home Sales, Richmond Fed Mfg

From Matthew Graham at Mortgage News Daily: Mortgage Rates Modestly Higher to Start The Week Mortgage rates were higher again on Monday, but just barely. The average lender was still in worse shape on Tuesday or Wednesday of last week when rates were the highest they’d been in about a month. [30YR FIXED -...
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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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