Existing-home sales decline for fifth time in six months

First-time buyers made up 32% of sales, down from 33% the prior month. Existing-home sales account for about 90% of U.S. housing and are calculated when a contract closes. New-home sales, which will be reported Thursday, account for the remainder and are counted when contracts are signed.

Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available.

As home prices continued their climb, the number of existing-home sales continued to decline, indicating that buyers may be reaching their limits. In June, prices of these previously lived-in abodes.

Ocwen terminates lending business head Wells Fargo, NeighborWorks plan to further expand Lift program Wells Fargo, NeighborWorks plan to further expand Lift program – Wells Fargo, NeighborWorks plan to further expand Lift program. The number of homeowners participating in an expanding down payment assistance program offered by Wells Fargo and NeighborWorks could top 20,000 this year. source: mortgage. Post navigation.WASHINGTON, D.C. – The consumer financial protection bureau (cfpb) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at every stage of the mortgage servicing process.The Bureau alleges that Ocwen’s years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their.Poor credit won’t bar a mortgage broker from getting a surety bond Subscribe to my channel so that you can be part of the "Community Tab" and access more helpful information. If you get any tutoring from me, I am now giving the core nursing fundamentals for FREE.

WASHINGTON (May 21, 2019) – Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National Association of Realtors.Two of the four major U.S. regions saw a slight dip in sales, while the West saw growth and the Midwest essentially bore no changes last month.

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After three months of decline, existing-home sales managed to inch up by 0.7. Also on the rise was the total housing inventory, up 1.6 percent in September to 1.90 million existing homes available.

The supply of homes at the current sales rate climbed to 6.6 months from 6.3 months in December. The number of new homes for sale at the end of the month eased to 336,000, indicating a slight tightening of supply.. Existing-home sales decline for fifth time in six months. May 21 Mortgage.

Existing Home Sales Trends By U.S. Census Regions – Here, for the six. months were available, we would very likely still see a negative trend for the region. Here, although the state of Illinois accounts for 37% of the overall decline in the region,

Existing-home sales increased for the first time this year in April. which represents a 5.9-month supply at the current sales pace, up from 5.1 months in March. Unsold inventory is 6.5 percent.

Mortgage application volume drops after rate hike Thursday’s increase is the first since July 2007 – it means many mortgage payers could pay around £200/year more per £100,000 they owe, but savings rates will also increase for many. The Bank’s nine-member Monetary Policy Committee – which sets the base rate – voted by 7-2 to increase the rate.Fannie markets more than $3 billion in distressed loans The Federal Housing Finance Agency and U.S. Treasury Department said they have agreed to let mortgage giants fannie Mae and Freddie Mac retain capital buffers of $3 billion apiece, marking the first changes to their bailout arrangements in five years. Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, was among those who applauded the decision.

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Stronger economy boosts mortgage rates: Freddie Mac Mortgage rates have been in a prolonged swoon, but it may be coming to an end. According to the latest data released Thursday by Freddie Mac. last week’s strong employment numbers eased some of.

October existing-home sales increased last month, after six straight months of decreases, the National Association of REALTORS reported Wednesday. Three of four major regions saw gains in sales.

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