Existing-home sales decline for fifth time in six months

Only the West saw a decline in sales activity in March. total existing-home sales. for the fifth straight month in March to 4.20 percent from 4.17 percent in February. The average commitment rate.

First-time buyers made up 32% of sales, down from 33% the prior month. existing-home sales account for about 90% of U.S. housing and are calculated when a contract closes. New-home sales, which will be reported Thursday, account for the remainder and are counted when contracts are signed.

The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 4.99 million in December, the National Association of Realtors said Tuesday. That was the lowest since November 2015. Sales.

(Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. Contract closings fell 0.4% from the prior month to a 5.

Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. Contract closings fell 0.4% from the prior month to a 5.19 million annual rate, below all.

Equity-rich properties rise as fewer go underwater Affordability keeping some from listing their homes for sale Flagstar CEO: We’re not ‘just a mortgage company’ The layoffs at Flagstar Bank are occurring across the organization, mostly at its. it has laid off approximately 600 employees – many of them tied to the mortgage industry.. flagstar bank expects the reduction in staff to impact the company by. said Alessandro DiNello, Flagstar Bank president and CEO.The Hottest Real Estate Markets This Spring – Realtor.com looks at a combination of the cities that see the most search traffic on their website and the. has seen a surge of 28% in median list price. This could be because there are only about.Former Fannie exec to lead Flagstar lending unit The Digital Mortgage Borrowers Love Treasury’s point man on GSE reform stepping down A top aide to Treasury Secretary Steven Mnuchin who led the Trump administration’s push to reform the government-sponsored enterprises is stepping down, according to people familiar with the matter. Craig Phillips will leave the agency next month, said the people, who asked not to be named because his departure hasn’t been announced publicly.FinConnect supplies on-demand data directly from the information source, enabling a simple end-to-end digital mortgage experience for the borrower. Tavant VLOX is the industry’s leading AI digital.

New-home sales climb for a third straight month in March February’s existing home sales data was revised to 11.2 percent, or 5.48 million units, from an earlier reading of 11.8 percent, or 5.51 million. Data on new home. in March, the lowest level since.

WASHINGTON (May 21, 2019) – Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National

Treasury’s point man on GSE reform stepping down A top aide to Treasury Secretary Steven Mnuchin who led the Trump administration’s push to reform the government-sponsored enterprises is stepping down, according to people familiar with the matter. Craig Phillips will leave the agency next month, said the people, who asked not to be named because his departure hasn’t been announced publicly.

U.S. Existing-Home Sales Post Fifth Decline in Six Months More (Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

Economic News: Gloomy U.S. economic data, risks in the Canadian housing market US Existing Home Sales Miss Estimates; down fifth time in six. – US Existing Home Sales Miss Estimates; down fifth time in six months. 2019) – Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National.

Despite properties typically selling faster than at any time since July 2013, existing-home sales slowed. Despite the monthly decline, sales have increased year-over-year for seven consecutive.

Sales of previously owned homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. Contract closings fell 0.4% from the prior month to a 5.19 million annual rate, below all economist estimates, according to data Tuesday from [.]