• Existing home sales fall for sixth straight month in September

    6 monthes ago - By CNBC

    U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
    Read more ...


  • Hurricane Likely Behind Some, Not All, of the Drop in Existing-Home Sales

    6 monthes ago - By Economy

    The recent rise in mortgage rates suggested further weakness ahead.
    Read more ...


  • A Few Comments on September Existing Home Sales

    A Few Comments on September Existing Home Sales

    6 monthes ago - By Calculated Risk

    Earlier: NAR: Existing-Home Sales Declined to 5.15 million in September
    A few key points:
    1) The key for the housing - and the overall economy - is new home sales, single family housing starts and overall residential investment. Overall this is a reasonable level for existing home sales, and the recent weakness is no surprise given the increase in mortgage rates.
    2) Inventory is still low, but was up 1.1% year-over-year in September. This was the second consecutive year-over-year increase in inventory, and the first YoY increases since May 2015.
    3) As usual, housing economist Tom Lawler's...
    Read more ...