· US Existing Home Sales Surge Upwards The volume of sales of existing homes in the U.S. jumped by more than expected in the closing month of.
For the full year, we currently expect growth around 3.0-3.5% y/y. In April, the Russian market kept nose diving, with sales down 41.5% y/y. Consequently, our forecast for 2015 calls for a 36% y/y decline to barely 1.6 million units; by comparison, the market reached nearly 3.0 million units in 2012.
Existing-home sales are projected to rise about 8 percent to 5.2 million in 2011 from 4.8 million in 2010, with an additional gain of 4 percent in 2012. The median existing-home price could rise 0.6 percent to $173,700 in 2011 from $172,700 in 2010, which was essentially unchanged from 2009.
U.S. Existing-Home Sales Fall More Than Forecast – Sales of previously owned U.S. homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. Contract closings decreased to a 5.21 million annual rate, falling 4.
Existing Home Sales Jump 4.3% To 4.57 Million, But Hit By big december downward Revision. The cuts ultimately represented the loss of more than two million home sales from an inflated rate.
Big Shifts in the Housing Market Expected in 2018 – national inventory levels predicted to see positive growth; Las Vegas to lead the U.S. in sales and price growth. Inventory constraints that have fueled a sharp rise in home prices and made it difficult for buyers to gain a foothold in the market will begin to ease next year as part of broad and continued market improvements, according to the realtor.com 2018 National Housing Forecast.
More high-end deals targeted by revised anti-fraud reporting rule Rise in hurricane recovery times could strain mortgage servicers Productivity gains help CoreLogic’s 2Q net income rise by 2% IRVINE, Calif. (AP) _ CoreLogic Inc. (CLGX) on Wednesday reported second-quarter net income of $58.5 million. On a per-share basis, the Irvine, California-based company said it had profit of 71.
· Sales in the Northeast managed to increase 4 percent to 84.8. existing-home sales are expected to increase about 11 percent this year to approximately 5.2 million sales -.
Economists surveyed by Bloomberg had projected a 5.3 million sales pace in March. February’s reading was revised to 5.48 million from 5.51 million. home purchases fell in all four regions, led by a 7.9% drop in the Midwest.
Rising costs could test mortgage servicers’ strategies How Canada’s dealing with its own home affordability crisis canadian real estate Is The Least Affordable Since 1990. The affordability index for Canadian real estate held its level for a second quarter. A median household in Canada needed 53.9% of their income in Q3 2018, the same as the previous quarter. That number represents a 3.05% increase compared to the same quarter last year.Comptroller’s Handbook 1 Mortgage Banking Introduction The Office of the Comptroller of the Currency’s (OCC) Comptroller’s Handbook booklet, "Mortgage Banking," provides guidance for bank examiners and bankers on various mortgage banking activities, such as the purchase or sale of mortgages in the secondary mortgage market.
Sales of existing homes in August hit the highest pace in more than six years as buyers rushed to lock in mortgage rates before they rose any further, and annual price growth was the fastest since.
House prices are forecast to rise at more than double the rate of inflation this year, by 5.2 percent, followed by. In the meantime, existing home sales are forecast to run at a 5.55 million.