For 30 years, falling mortgage interest rates have enabled homeowners to move into ever-larger homes on the promise of ever-cheaper financing. But that party is over, and the impact on existing home sales could be significant.
By Dave Kranzler:
The National Association of Realtors (NAR) reported existing home sales for June yesterday (July 22). Notwithstanding the problematic of aspects of using "seasonally adjusted annualized rates," (as explained below) the reported...
By Marc Chandler:
These Great Graphics on the US housing market are from the Wall Street Journal's Real Time Economics blog, where Nick Timiraos
from the National Association of Realtors.
In the first half of 2014,...
BRUSSELS (dpa-AFX) - After the release of U.S. existing home sales for June
at 10:00 am ET Tuesday, the greenback edged up against its major rivals.
The greenback was trading at 101.46 against the yen, 1.3461 against the euro,
0.9022 against the...
WASHINGTON (dpa-AFX) - After reporting a sharp increase in existing home
sales in the previous month, the National Association of Realtors released a
report on Tuesday showing that existing home sales once again rose by more than
expected in the...
U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent to an annual rate of...
Existing home sales climbed 2.6% in June to an annualized rate of 5.04 million.
Economists were expecting sales to rise 1.9% to 4.99 million.
“Inventories are at their highest level in over a year and price gains have slowed to much more...