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Racheli Refael December 23, 2015

Existing Home Sales Dip More Than Expected

November sales of pre-owned homes dipped lower than expected and prior month's readings according to the National Association of Realtors® (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October's reading of 5.32 million sales. Instead, November's reading dropped to 4.76 million sales. November's drop represented a decline of 10.50 percent drop in existing home sales month-to-month; existing home sales were … [Read more...]

Filed Under: Market Outlook Tagged With: Existing Home Sales, Market Outlook, National Assoication of Realtors

Racheli Refael November 24, 2015

Existing Home Sales Fall More Than Expected

Sales of previously owned homes reached 5.36 million sales on a seasonally adjusted annual basis and fell by 3.40 percent in October according to the National Association of Realtors®. Rising home prices and a shortage of available homes strained housing markets. Concerns over potentially higher mortgage rates may have sidelined home buyers as concerns over an anticipated rate hike by the Federal Reserve persisted. Many analysts expect the Federal Reserve to raise rates at its December … [Read more...]

Filed Under: Market Outlook Tagged With: Lawrence Yun, Market Outlook, National Assoication of Realtors

Racheli Refael August 17, 2015

What’s Ahead For Mortgage Rates This Week – August 17, 2015

Last week's economic reports related to housing were few and far between other than weekly reports on new jobless claims and Freddie Mac's mortgage rates survey. Mortgage Rates Mixed, Jobless Claims UpFreddie Mac reported that average mortgage rates rose for fixed rate mortgages and dropped for 5/1 adjustable rate mortgages. The average rate for a 30-year fixed rate mortgage rose by three basis points to 3.94 percent. The rate for a 15-year fixed rate mortgage rose by four basis points to 3.17 … [Read more...]

Filed Under: Market Outlook Tagged With: Freddie Mac, Jobless Claims, National Assoication of Realtors

Racheli Refael May 26, 2015

What’s Ahead For Mortgage Rates This Week – May 26, 2015

Last week's economic reports included several readings related to housing The Wells Fargo/National Association of Home Builders Housing Market Index, the Commerce Department's releases on Housing Starts and Building Permits, and the National Association of Realtors® report on Existing Home Sales supplied mixed news on recent developments in housing. Freddie Mac and the Labor Department released their usual reports on mortgage rates and weekly jobless claims. The details: NAHB: Builder … [Read more...]

Filed Under: Market Outlook Tagged With: Freddie Mac, National Association of Home Builders, National Assoication of Realtors, Wells Fargo

Racheli Refael January 5, 2015

What’s Ahead For Mortgage Rates This Week – January 5, 2015

Case-Shiller reported that home prices hit their lowest pace in two years. According to the Case-Shiller 20-City Home Price Index for October, home prices fell in 10 cities, rose in eight cities and were unchanged in two cities. In other news, pending home sales increased and weekly jobless claims rose. The details: Case-Shiller: Home Price Growth Lowest in Two Years According to its 20-City Home Price Index, Case-Shiller said that home prices dropped by 0.10 percent to a reading of 4.50 percent … [Read more...]

Filed Under: Market Outlook Tagged With: Case Shiller, Market Outlook, National Assoication of Realtors

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1471 NE 26th St Suite 100
Fort Lauderdale, FL 33305

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