13.4% plummet sales of new homes in U.S.

Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may weigh on the housing recovery. The Commerce Department said Friday that U.S. sales of newly.

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Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a.

NAR’s Profile of International Transactions in U.S. Residential Real Estate 2019 revealed that foreign buyers purchased $77.9 billion worth of U.S. existing homes from the 2019 survey reference period, a 36% decline from the level reached in the previous 12 months (1 billion). Non-resident foreign buyers accounted for $33.2 billion of U.S.

A Report From The Front Lines Of The Gold Bubble A very illuminating report out of BNY’s Nicholas Colas and Beth Reed describing the front lines of the so-called gold bubble. A must read for everyone who would rather listen to third-hand anecdotes and speculation instead of actually doing their homework.What’s the Difference Between a Home Appraisal and a Home Inspection? Mortgage Masters Group A single person living alone, who took home $43,000 in 2012 after income tax. under 25 years and 11.8 per cent of children under 15 were living in poverty. Between 2000-01 and 2011-12 the poverty.

admin United States Economy Comments Off on U.S. new homes sales surge 16%, while existing home sales plummet 10.7% mixed results in the U.S. housing market for April. On Friday night, figures released for April showed sales for existing homes fell 2.6% to a seasonally adjusted annualised rate of 5.99 million.

ATTOM Data Solutions released its Q2 2019 U.S. Home Sales Report on Thursday, which shows that U.S. single-family homes and condos sold for a median price of $266,000 in the second quarter, up 10.8 percent from the previous quarter and up 6.4 percent from a year ago – reaching a new median home price peak. Meanwhile, the report also shows.

They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers. FHA loans are a good option for first-time homebuyers who may not have saved enough for a large down payment.. 13.4% plummet sales of new homes in U.S. .

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On August 14 I penned Mortgage Applications Decline 13th Time in 15 Weeks; Are Mortgage Rates Cheap? What’s Next For Housing?. If you are looking for what fueled the rebound in home sales and the.

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The U.S. negative equity rate at the end of 2016 – the nationwide share of underwater homeowners, those with a mortgage owing more than their home is worth – fell to 10.5 percent, down from 13.1 percent at the end of 2015 (figure 1), according to the Zillow 2016 Q4 negative equity report.