by sslifer | Jul 23, 2019 | Housing, NumberNomics Notes
July 23, 2019 Existing home sales felll 1.7% in June to 5,270 thousand after having risen 2.9% in May. Sales currently are 1.7% below where they were at this time last year. Lawrence Yun, NAR chief economist said that “Home sales are running at a pace similar...
by sslifer | Jun 27, 2019 | Housing, NumberNomics Notes
June 27, 2019 Pending home sales rose 1.1% in May to 105.4 after having declined 1.5% in April. In the past year pending home sales have dropped 0.7%. Lawrence Yun, NAR chief economist noted that “Rates of 4% and, in some cases even lower, create extremely...
by sslifer | Jun 25, 2019 | Housing, NumberNomics Notes
June 25, 2019 Case Shiller Index of Home Prices in 20 cities rose 0.8% in April after having climbed 0.7% in March. Five years ago home home prices were rising at a 10.5% rate, but they have slowed and over the course of the past year home prices have risen 2.5%. ...
by sslifer | Mar 29, 2019 | Housing, Interest Rates, NumberNomics Notes
March 29, 2019 Right after the election in November 2016 mortgage rates jumped quickly from 3.5% to 4.2% as market participants believed that President Trump’s proposed individual and corporate income tax cuts. repatriation of corporate earnings currently...
by sslifer | Mar 22, 2019 | Housing, NumberNomics Notes
March 22, 2019 Real estate loans rose at a 3.9% pace in February after having climbed 4,4% in January (the light blue bars). Over the course of the past year mortgage lending has risen 2.9% (the dark blue line). While mortgage lending has been sluggish total loan...
by sslifer | Mar 22, 2019 | Housing, NumberNomics Notes
March 22, 2019 Home ownership continued to climb in the fourth quarter. It rose 0.4% in that quarter after having climbed 0.1% in the third quarter. It hit a low of 62.9% in the second quarter of 2016 but has been climbing steadily for the past 2-1/2 years. The...
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