New home sales plunge 13% in July

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Orange County sales totaled 9,160 residences, existing and new, vs. 10,350 a year ago, a decline of 11.5 percent. Prices rose in 50 out of 83 Orange County ZIPs and sales were up in 21 out of 83 ZIPs.

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Tampa Housing Market Report - July 2018 New home sales in the U.S. in August rose month over month by more than expected, largely due to a downward revision in July sales. Homes sold in August were also less costly, and that may be good.

Changes in mortgage rates may cause homebuyers and sellers to hesitate about jumping into the market, while renters benefit from higher.

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New home sales in the world’s largest economy tumbled 12.4 percent in July to mark its lowest level since record keeping began. The data trails yesterday’s free fall in existing home sales.

When evaluating single-family homes specifically, sales declined 13.4% in July, below the revised July rate of 455,000 units, the Census Bureau and the Department of Housing and Urban Development.

Strong Pending Sales Result in Lower Inventory Despite an Increase in New Listings. January 11, 2019. November 13, 2018. Homes Going Under Contract. Residential Active Listings Dip for the First Time Since July 2013. August 11, 2015

Monday Morning Cup of Coffee: Fannie, Freddie bonds in high demand? Posts about Ginnie Mae written by marshfieldmatters. By Jacob Gaffney April 14, 2013 Monday Morning Cup of Coffee is a quick look at the news coming across the housingwire weekend desk, with more coverage to come on bigger issues.Treasury provides three options to replace Fannie, Freddie  · A stock sale would not only likely be the largest in history, but also one of the most complex, considering the conservatorships and because Treasury owns nearly 80% of Fannie and Freddie’s senior preferred shares. mills said such an offering would likely be at least three to four years away, because of all the steps involved.

Posted By: Ben Jones @ 6:48 am Comments (13). of real estate and finance experts claiming houses could plummet in value by up to 40 per cent in the next 12 months.”. “Stagnant house prices are likely the new normal for property. Across Australia, one in 10 homes sold during the June quarter.

The SPDR S&P Bank ETF (KBE) fared even worse, losing 4.13%. Notwithstanding. the slippage in residential real estate. The latest indication came in Wednesday’s news of much-weaker-than-expected new.

The Census Bureau reported that new homes sold at a 728,000 annual rate in October, down 23.5 percent from the year ago rate. The october sales rate was up slightly from the revised September sales rate of 716,000, but sharply below the 770,000 rate previously reported.