U.S. Existing Home Sales Continue To Fall as Inventories Rise

Viewing 6 posts - 1 through 6 (of 6 total)
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  • #20712
    Helmholtz Watson
    Participant

    US existing home sales tumbled to 5.19M v…

    [article]1520[/article]

    #20713
    ThePitBoss
    Participant

    Should be clear this is more than interest rates – though I do feel if MSM gor positive about anything it may help ease some worries. Afterall buyinga house is the largest investment most people make.

    #20721
    TradersCom
    Keymaster

    US MBA mortgage applications w/e. 17 May +2.4% vs -0.6% prior

    Purchase index 263.0 v 268.5 prior
    Market index 425.6 v 415.7 prior
    Refinancing index 1,334.9 v 1,232.6 prior
    30-year mortgage rate 4.33% v 4.40% prior

    Pick up as rates lower – notice purchase index lower though

    #20759
    TradersCom
    Keymaster

    US March FHFA house price index +0.1% v +0.2% m/m expected
    Prior +0.3% (revised to +0.4%)

    With a 30-year fixed at 4.05% from nearly 5% in Q4 this doesn’t fit with a robust housing market

    #20760
    TradersCom
    Keymaster

    US March Case-Shiller 20-city house price index +2.68% v +2.55% y/y expected

    Prior +3.00% y/y revised lower to 2.95%
    Prices +0.09% m/m vs +0.50% expected

    #20784
    Helmholtz Watson
    Participant

    US April pending home sales -1.5% v +0.5% expected
    Prior +3.8% (revised to +3.9%)

    Sales up 0.4% y/y vs +0.1% exp
    Prior y/y -3.2% (revised to -3.1%)

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