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Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the Bank of Greece, recently said he had “full confidence” in dealing with the deficit, stocks are more mixed but on the whole still positive....
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New home sales in April rose for the first time in five months, increasing 3.3% to 526k following a downward revision of the March reading to 509k. The previous month's reading was previously reported as 526k, which was the lowest level since October 1991. Economists had expected a reading of 523k. The...
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New home sales in the U.S. were down for the fifth consecutive month in March, falling by 8.5% to 526k, much lower than the 580k level expected by economists, and setting a new low since October 1991. Inventories soared from already-worrying levels. This follows a downwardly revised reading of 575k in...
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As the overhang of new homes sits at a 27-year high of 9.8 months, new home sales are expected to fall for a fifth consecutive month in the March index from the U.S. Census Bureau on Thursday. In February's report, sales fell 1.8% to a seasonally adjusted annual rate of 590K, contributing to an almost...
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Economists will be paying attention to this month's U.S. housing data in hopes of finding a bottom in the market. Before that, however, the focus will be in Canada on the Bank of Canada's interest rate decision. On Tuesday, the BOC will hold its regular monetary policy meeting. Economists are in agreement...
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development issued their monthly joint report on August new house sales on Thursday. Like statistics on the sales of existing homes issued earlier in the week by the National Association of Realtors (NAR), sales were off significantly...
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The National Association of Realtors has backpedaled on previous housing forecasts with it U.S. Economic Outlook report for June released on Wednesday. NAR has consistently asserted that the housing bubble would not burst but rather would deflate and, when it happened, there would be a soft landing ...
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On Thursday the Census Bureau and the Department of Housing and Urban Development released figures for new home sales in April that showed a big increase in sales and a drop in both median and average home sale prices. Media coverage has speculated that the both outcomes were a result of price cuts by...
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According to figures released on Thursday by the Department of Housing and Urban Development and the U.S. Census Bureau, new house sales in April showed the first improvement of the year, and a substantial one at that. Last December new house sales were at a seasonally adjusted annualized rate of 1,019...
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The two most closely watched monthly housing reports came out this week and served only to muddy the real estate waters even further. On Tuesday the National Association of Realtors issued its report on existing home sales for the month of March. It wasn't pretty. Total existing-home sales, including...