The Oldest and Most Trusted Real Estate News Magazine

Posts Tagged ‘ Sales ’

Tuesday: Vehicle Sales, Durable Goods and More

By
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...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Friday: New Home Sales, Personal Income and Outlays

By
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...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Comments on February Existing Home Sales

By
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...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers | No Comments »

Thursday: New Home Sales, Unemployment Claims

By
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....
Read more »

Tags: , , , ,
Posted in Mortgage Brokers | No Comments »

A few Comments on November New Home Sales

By
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...
Read more »

Tags: , , ,
Posted in Mortgage Brokers | No Comments »

Friday: Durable Goods, New Home Sales (Postponed)

By
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...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

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

By
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....
Read more »

Tags: , , , , , , ,
Posted in Mortgage Brokers | No Comments »

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

By
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...
Read more »

Tags: , , , , , ,
Posted in Mortgage Brokers | No Comments »

Thursday: Unemployment Claims, New Home Sales (Postponed)

By
Thursday: Unemployment Claims, New Home Sales (Postponed)

Note: New Home sales will not be released on Thursday due to the Government Shutdown. From Matthew Graham at Mortgage News Daily: Mortgage Rates Higher Today or Tomorrow Mortgage rates were unchanged in some cases today and higher in others. The discrepancy is a result of the timing of today’s market movements. The most...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Wednesday: Existing Home Sales, FOMC Announcement

By
Wednesday: Existing Home Sales, FOMC Announcement

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 5.19 million SAAR, down from 5.22 million. • During the day, The AIA’s Architecture...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Sitemap Madbadcat Graphics