According to The National Association of Realtors® (NAR), existing home sales increased by 1.0% in December 2013 to a seasonally adjusted annual rate of 4.87 million, up from 4.82 million in November. However, last month’s figure is down by 0.6%, below the 4.90 million unit pace from December 2012. Last month’s numbers represented all-time lows […]
Sales on existing homes continued to decrease last week, as home prices increased to the same levels as they were four weeks earlier, according to the National Home Sales Snapshot released by DataQuick. Throughout the last 30-day rolling period that ended on December 5, there were 219,035 properties sold. That was down 1.1% from the […]
According to a recent report by the National Home Sales Snapshot, existing home sales declined for its fourth consecutive week. The report states that for the end of the 30-day rolling period, which ended on October 10, 250,006 properties were sold, which is a 1.3% decline from the previous week, and was also 7.3% lower […]
The average rate on a 15-year fixed-rate mortgage fell in the week ending April 25. Freddie Mac reported the average rate fell from 2.64% last week to 2.61% this week. It was the lowest rate since Freddie Mac has been keeping track of these records in 1971. A year ago, the average rate was 3.12%. […]
Treasury prices rose after lower-than-expected existing home sales, MarketWatch reported today. According to MarketWatch, yields on 10-year notes, which move inversely to prices, fell 3 basis points to 3.22%. These findings come after today’s report from the National Association of Realtors showed existing-home sales for May unexpectedly fell 2.2% to an annual rate of 5.66 […]