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Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate has declined from 6.66 million in January, the last time sales were up. April's rate was 33.9 percent higher than the 4.37 million pace in April 2020, but that was amid COVID-19 related business closures. Sales came in below even the lowest estimate (5.9 million) of analysts polled by Econoday. Their consensus was for a slight month-over-month uptick to a rate of 6.085 million units. Single-family home sales dropped to a seasonally-adjusted
Rob Chrisman
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What is your, and your company’s, value proposition? Lenders must be vigilant, which means paying attention to trends, big and small. For example, on the large scale, more and more analysts are talking about talking about the Federal Reserve ta... (read more)
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Housing News
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Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and coopera... (read more)
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Housing News
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American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2007 to 2010. Black Knight, in its "first look" at April data, shows loan performance improving quick... (read more)
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National Associattion of Realtors
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