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Existing Home Sales Hit Nearly 6-Year High
Monday, June 22, 2015 - 11:25am | 292Read More...Fueled partly by an increase in sales to first-time buyers, existing home sales increased in May to their highest pace in nearly six years, coming in at 5.35 million units versus consensus estimates of 5.25 million, according to the National Association of Realtors. All major areas saw increased...
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FHFA House Price Index Gains In February, Existing Housing Sales Expected To Increase
Wednesday, April 22, 2015 - 9:40am | 228Read More...Housing data was scheduled to be reported on Wednesday, beginning with the FHFA House Price Index at 9am. The FHFA House Price Index for February came in at 0.70 percent and was in line with the consensus estimates. The print was also above the prior reading of 0.30 percent. At 10am on...
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Housing Update: Pending Home Sales Surge In May
Monday, June 30, 2014 - 11:01am | 663Read More...The National Association of Realtors reports that Pending Home Sales in May rose by 6.1 percent. May’s jump in home sales was the largest monthly increase since April 2010, was well above expectations for an increase of 1.1 percent, and above last month’s rise of 0.4 percent....
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Weak Housing Data Reflects Reality: Housing In Trouble
Thursday, April 24, 2014 - 4:22pm | 1199Read More...Recent housing market data has been broadly negative. Despite some analysts blaming "'weather" or other causes that imply that really, just around the corner, housing will come roaring back, nothing in the data suggests that's true. Housing starts, mortgage applications, sales of existing...
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Chinese Buyers Enthusiastic About U.S. Real Estate
Monday, March 24, 2014 - 1:58pm | 540Read More...As China's economy continues to grow, more Chinese are investing in U.S. real estate. The National Association of Realtors (NAR) reports that Chinese buyers (including those from mainland China, as well as Hong Kong and Taiwan) were second only to Canadians when it came to international clients...
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Janet Yellen's Testimony Makes A Good First Impression With Analysts
Wednesday, February 12, 2014 - 8:29am | 728Read More...Janet Yellen made her first congressional appearance as Chair of the Federal Reserve on Tuesday, testifying on economic policy issues before the House Financial Services Committee. And she appeared to make a strongly positive first impression. Her cordial approach, along with her signaling of...
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Homebuilding Sector Getting Some Attention Amid Analyst Note, Upcoming Earnings Data
Tuesday, December 17, 2013 - 5:37pm | 426Read More...Investors in the Homebuilder group are digesting a number of news items Tuesday afternoon. In addition to a research note from a Compass Point analyst earlier, traders are reviewing data out of the NAHB. Later this week, the Street will get results from Lennar and data on housing starts on...
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Existing Home Sales and Prices Continue to Rise
Wednesday, May 22, 2013 - 1:20pm | 712Read More...Tight inventories of homes for sale hindered sales of existing homes in April, the National Association of Realtors reported Wednesday, but that didn't stop sales from reaching a three-year high. In April, total existing-home sales, which are completed transactions that include single-family...
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Bloomberg Reports on Rise of Possible Housing Bubble
Thursday, May 16, 2013 - 4:03pm | 383Read More...Is the U.S. housing market entering the early stages of a possible bubble? Or is this stagnant industry finally growing? Kathleen M. Howley of Bloomberg published an article earlier Thursday pertaining to these implications in the housing market. In her article, Howley comments that the...
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Pending Home Sales Increase 1.5%; Low Inventory Crimps Sales
Monday, April 29, 2013 - 12:39pm | 297Read More...The National Association of Realtors released its Pending Home Sales Index Monday. The group reported that, even though pending home sales increased in March and are above year-ago levels, “contract activity in recent months shows only modest movement,” according to the National Association of...
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Chief Economist of the NAR, Logan Mohtashami (wink)
Monday, June 25, 2012 - 11:15am | 769Read More...In response to the spin machine called the National Association of Realtors ('NAR'): As Chief Economist of the NAR, this is my mid year update. The housing market is making mild progress. However, the massive headwinds are still out there. Even with historically low mortgage rates the...
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Recent Market Rally a Sham? Algorithmic Trading Controlling the Market (USO, SLV, GLD, UUP, SPY)
Thursday, May 12, 2011 - 12:52pm | 1041Read More...The S&P 500 has gained 101% from the low set back in March of 2009 (666.79). Even with yesterday's market plunge, the S&P is only 15% lower than its all time high of 1,576.09, which was set back in October of 2007. The question is why. Has the economy really improved that much since the...
