New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday. The report also revised down the May sales rate to. a combination.
The Johnson Redbook Retail Sales Index rose 1.2 percent during the first two weeks of May versus April. U.S. existing home sales fell 0.4 percent at an annual rate of 5.19 million for April. However,
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May from a downwardly revised 5.00 million in April, and are 15.3 percent below a 5.68 million pace in May 2010 when sales were surging to beat the.
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Existing U.S. Home Sales Pace Down 15.3% Year-Over-Year In May June 21, 2011 The pace of seasonally adjusted existing-home sales in the U.S. fell 3.8 percent from a downwardly revised 5.00 million in April to a 4.81 million pace in May , down 15.3 percent on a year-over-year basis.
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Existing home sales rise on price drop realtors’ group says the number of existing homes sold in May gained 2% to an annual rate of nearly 5 million.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009.
New-Home Sales Plummet 32.7% in May. The median price of a new-home in May was $200,900, compared to $179,600 for an existing home. Alison Rice is senior editor, online, at BUILDER magazine.
The march case shiller data was released today and March’s median price for an existing home in Portland was down 15.3% from March 2008. (click on any chart to expand it to readable size) The monthly change was down 2.1% from February, about the same as the 1.9% drop from January to February.
MetLife exits forward mortgage business MetLife Bank’s Reverse Servicing Portfolio to be Purchased by Nationstar Mortgage LLC Apr. 26, 2012- MetLife, Inc. (NYSE: MET) announced today that it is exiting the reverse mortgage business. Nationstar Mortgage LLC will purchase MetLife Bank’s reverse mortgage servicing portfolio. The transaction is subject to certain regulatory approvals and other customary closing conditions. MetLife Bank will no longer accept new reverse mortgage loan.Negative equity gap nears $4 trillion Household debt grew from $705 billion at year end 1974, 60% of disposable personal income, to $7.4 trillion at yearend 2000, and finally to $14.5 trillion in midyear 2008, 134% of disposable personal income. During 2008, the typical US household owned 13 credit cards, with 40% of households carrying a balance, up from 6% in 1970.
When compared to last year, May pending previously owned home sales jumped more than 15.3%. Pre-existing home sales are an important statistic to watch. Currently, about 93% of the housing market in.
Existing-home sales plummet 15.3% in May HousingWire Posted on June 22, 2011 by Fred Price, VP of Marketing and Reo Mitigation via Existing-home sales plummet 15.3% in May HousingWire .