Looking forward, Yun predicts 2018 existing-home sales to be around 5.61 million – up from 5.51 million in 2017. The national median existing-home price is expected to increase around 4.4 percent.
The latest Tweets from NAR Media Relations (@NARMedia). NAR’s Media Communications team shares the latest real estate news, reports and information impacting consumers, REALTORS and the association. Washington, DC
Pending home sales had been expected to rise slightly in April after declining 0.8 percent in March. Instead, the National Association of Realtors’® (NAR’s. the level of monthly sales-contract.
The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.
This morning the final monthly report on housing for April, pending home sales, was reported by the NAR. The index was +0.4% m/m and remains down -9.2%. permits (red), new home sales (green), and.
Homeowner Bill of Rights signed into law · California’sHomeowner Bill of Rights was signed into law this month, providing homeowners and borrowers increased protections throughout the mortgage and foreclosure process. The new laws, along with similar ones in other states, are designed to target and penalize those who commit unfair or fraudulent mortgage transactions, including robo-signing and other Notary-related.
U.S. Pending Home Sales Fall Unexpectedly in April; The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
Fannie Mae sells off $26 million in NPLs to nonprofit Part of this $26 billion settlement stipulated that $3.5 billion be dedicated to support refinancing underwater mortgages that are not owned or guaranteed by Fannie Mae or Freddie Mac.
While the monthly figures continue to fall. 0.4% above a year ago. NAR expects 2016’s national median existing-home price to increase between 4% and 5%. In 2015 prices rose 6.8%; in 2014 it rose.
Existing-home sales in the South dropped 0.4% to an annual rate of 2.27 million, down 1.7% from a year ago. The median price in the South was $236,800, up 4.4% from a year ago. existing-home sales in the West rose 1.8% to an annual rate of 1.11 million in April, 5.9% below a year ago.
Mortgage interest rates slide in FHFA December index The number of mortgage applications decreased 12.3 percent on a seasonally adjusted basis, while increasing 13 percent on an unadjusted basis, during the week ending December. rate in the history.
Southern existing-home sales shot up 14.9% to an annual rate of 2.39 million in February. This is down 0.4% from last year. The median price in the South rose to $219,300, increasing 2.5% from.
Rising prices and a shortage of starter homes hobbled home sales in the Twin Cities last month. During April there was a 7% decline in closings, but the median price of those sales rose to a record.