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Existing home sales bounce back in August. Sales of previously-owned homes rose 7.6% to a seasonally adjusted annual rate of 4.13 million units last month, the National Association of Realtors reported Thursday. That’s up from 3.84 million in July, but down 19% from a year ago.
· Total inventory reported by NAR – homes listed for sale on multiple listing services across the country – did increase 1.3% in July to roughly 2.4 million properties. This represented a 6.4.
· A potential home buyer arrives to an open house in Seattle, Washington. The numbers: Existing-home sales were at a 5.34 million seasonally adjusted annual pace in.
MBA Secondary: Bringing private equity back into the market FHLB Des Moines, FHLB Seattle finalize merger Map of FHLB territories since the merger of the Seattle and Des Moines banks in 2015. The Federal Home Loan Banks ( FHLBanks , or FHLBank System ) are 11 U.S. government-sponsored banks that provide reliable liquidity to member financial institutions (not individuals) to support housing finance and community investment. · In February, I had the opportunity to attend the 17th Annual Beecken Petty O’Keefe & Company Private Equity Conference, hosted by Booth’s Private Equity Group and the Polsky Center.As someone who spent time in the industry prior to Booth but has been unplugged from the world of PE over the past couple of years, I’m especially thankful for events like these for keeping me abreast of all.Industry witnesses shift to non-bank servicers The market has been witnessing the development of new technology.fortune business insightshas announced publishing of a report, titled “Mobile payment technology market Size, Share and Global Trend By.
Regionally, sales in the Northeast, which account for the majority of existing home sales, rose 4.7% to 670,000 units, almost in line with the prior-year period.
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NAHB compiles annual, quarterly and monthly (not seasonally adjusted) data for new and existing homes. This includes regional sales, nationwide sales and inventory, and median prices.. Additional information is also available in the U.S. Census Bureau’s most recent press release and the methodology of its data compilation.
The numbers: Existing-home sales were at a 5.34 million seasonally adjusted annual pace in May, the National Association of Realtors said Friday.
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For existing home sales, the falling interest rates have roughly coincided with a rebound in the U.S. real estate market. We’ll take a tour through individual states in the U.S. Census’ South.
Sales of existing homes increase to a 11-month high, given declining mortgage rates and a higher inventory level. Existing Home Sales Rebound in February, Hit 11-Month High Home
· Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).
“A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound,” says Lawrence Yun, chief economist for NAR, in a statement..
Latest News. Existing-home sales decreased for the third straight month in June, with declines in the South and West, and gains in the Northeast and Midwest. Read the full news release. Existing-Home sales data release for July 2018 is scheduled for Wednesday, August 22, 2018.
Henry Cisneros – Advice From a Former HUD Secretary In February, then-Mayor Castro had lunch with Clinton at San Antonio’s legendary Mi Tierra restaurant, along with San Antonio Spurs coach Gregg Popovich and former San Antonio mayor – and HUD.