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The secondary mortgage market went on quite a ride yesterday! Following a weaker than expected 5 year Treasury note auction, market participants hurriedly sold their fixed income investments ahead of the FOMC statement. This led to MBS falling below the recent range and a few lender reprices for the...
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The pace of sales for existing homes in the United States came in much better than market expectations in December, according to an industry survey released Monday. Existing home sales rose to an annualized pace of 4.74 million units in December, marking a 6.5% month-over-month rise following November's...
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Existing home sales fell slightly more than expected to an annualized pace of 4.91 million units in August, a 2.2% decrease in the month, following July's upwardly revised sales figure of 5.02 million. Even with a bigger loss than expected, the range in the past 11 months has been relatively narrow...
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U.S. existing home sales rose more than expected to 5.00 million units in July, a 3.1% gain in the month, following June's revised sales figure of 4.85 million. With that gain the index rebounded to the highest level in five months, although the range in the past 11 months has been relatively narrow...
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Economists say the larger-than-expected rise in July existing home sales doesn't necessarily point towards stabilization, since more than a third of the sales are related to foreclosures. They also note that a record high inventory level will put downward pressure on prices going forward. The annualized...
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U.S. existing home sales fell 2.6% to 4.86 million units in June following May's unrevised sales figure of 4.99 million. This is the fourth month home sales have remained under the five million mark, according to the National Association of Realtors (NAR). Economists were expecting the June data to fall...
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U.S. existing home sales rose to 4.99 million units in May, or 2.0%, following April's unrevised sales figure of 4.89 million. This is the third month that home sales have remained under the 5 million mark. Economists were expecting the May data to rise to 4.95 million, or 1.2%, following the 1.0% decline...
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Existing home sales in April were down 1 percent on a seasonally adjusted basis from March according to figures released on Friday by the National Association of Realtors (NAR). Existing homes, including single family residences, townhouses, condominiums, and co-ops sold at an annual rate of 4.89 million...
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Existing home sales for April , which will be released Friday by the National Association of Realtors (NAR), are expected to decline further to a pace of 4.85 million units following March's sales figure of 4.93 million. This would mark the second month that home sales have remained under the 5 million...
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The National Association of Realtors data on the sale of existing homes in March came in just where analysts had projected ' down 2 percent from a seasonally adjusted annual rate of 5.03 million units in February to 4.93 million. This is 19.3 percent below the 6.11 units that were sold in March 2007...
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The existing home sales index for March is expected to fall 1.6% to a pace of 4.93 million units, following a surprising 2.9% gain to a pace of 5.03 million in the previous month. February's advance halted a six-month trend of declining sales and was well-above expectations, but sales were still down...
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In what may be the first fluttering of a recovery in the housing market, sales of existing homes last month actually increased from January levels according to the National Association of Realtors (NAR.) Sales of previously occupied single-family houses, condominiums, co-ops and town houses rose 2.9...
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The chief economists of the National Association of Realtors® ( NAR ) on Thursday predicted that sales of existing homes will probably remain flat through late spring and then begin a gradual recovery during the second half of 2008. Lawrence Yun made the forecast based on the release of NAR's Pending...
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Existing-home sales including single family residences, condominiums, townhomes, and co-ops continued to move downward in January, as did their median prices according to the monthly survey released on Monday by the National Association of Realtors. Preliminary January figures indicate that existing...
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Existing home sales , including single-family homes, townhomes, condos, and coops slipped 2.2 percent in December to a seasonally adjusted annual rate of 4.89 million units from an annual pace of 5 million in November. The December figure was 22 percent lower than the 6.27 million sales pace in December...