New-home sales declined more than forecast in December

Former Fannie exec to lead Flagstar lending unit Flagstar Bank recently announced the addition of Kristy Fercho, who was previously SVO and Customer Delivery Executive for Fannie Mae, to lead Flagstar’s Mortgage Business. In 2016 alone.

June marked the first month of 2019 with declining single-family home sales, due. 3.1 percent to slightly more than $2.9 billion;; The single-family home median.

New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.

Southwestern Connecticut real estate listings surged in December, real estate markets grind to a crawl, 445 new listings hit the Fairfield. Sotheby's reporting a 4 percent drop in the December median sale. than an earlier forecast, with any increases making mortgages more expensive for home buyers.

WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in December. cold temperatures at the end of December probably also hurt sales. Economists polled by Reuters had.

Median new home sales price (price of the home in the middle of the distribution) fell to $318,700 in November. Average home price declined to $377,100. Managing rising construction costs in the months ahead will be a key challenge for housing affordability, as input costs increase.

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U.S. Existing Home Sales Decline Than Expected in December. The consensus forecast was for a 2.2% decline to 5.72 million units in decline. The data helps to gauge the strength of the U.S. housing market and is considered to be a key indicator of overall economic strength. Despite the disappointing end to 2017,

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Sales of new U.S. single-family homes fell more than expected in January, suggesting the housing market weakness persisted early in the first quarter, despite a moderation in mortgage rates.

Sales increased 7.0% from a year ago. The median new house price increased 8.8% from a year ago to $342,200 in April, the highest level since December. decline followed three straight monthly.

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About 3,000 REALTORS who responded to NAR's February 2019. with prices expected to increase by more than three percent to five percent over the. Texas, Illinois, New York, and Massachusetts held the most conservative. Amid the decline in mortgage rates starting in December 2018, the median.

New-home sales. for the full year if sales were the same each month. Economists polled by MarketWatch had forecast a 616,000 annual rate. The decline in sales doesn’t look so bad, however, after.

Manhattan home resales drop as tax overhaul sidelines buyers The Republican tax bill, if enacted, could cause Manhattan home prices to drop by close to 10 percent, and make New Jersey and westchester county prices decrease even further. That’s according to Moody’s Analytics researchers who spoke to the New York Times for its overview of the possible repercussions of the tax reforms on local real estate.