Existing home sales fall, but up 11% from last year

Home price growth projected to exceed 7% in 2013 Foreclosure mess scares off homebuyers: Campbell/Inside Mortgage Finance Information about Investing in Utah Real Estate, Orem, UT. Strong Rental Market Is Turning Flippers into Landlords . As the rental market continues to get stronger throughout the country, it’s making more sense to buy and hold investment real estate, than to buy and flip (and it’s much lower risk, too).According to a report from property website daft.ie, the national average list price in the period was 240,000, 11.7 per cent higher than a year previously and over 46 per cent higher than the lowest.

Sales have flatlined for nearly a year. While existing-home sales perked up in May, it remains to be seen if that trend can be sustained. The Commerce Department’s data on new residential construction.

Housing contribution to GDP below historical watermark The US economy is doing fine. growth – have continued their sustained slowdown from historical norms. The chart below shows this breakdown, where actual GDP growth is shown in blue, the.

Toronto home sales hit a new record, with prices up 16% year-over-year. New foreign buyers tax takes effect. Prices drop 17% month-over-month. After years of soaring home prices and escalating affordability concerns, Ontario introduces a 15% non-resident speculation tax as part of the new Fair Housing Plan. Tax takes effect immediately.

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The median price of a Palm Beach County house sold last month was $340,000, up 5 percent from a year. annual sales was the lowest since November 2015. >>Related: Amid affordability squeeze, builder.

Mortgage applications tumble 12.9% as refinancing activity falls 15.3% Refinancing applications up A gain in refinancing applications suggests that mortgage refinance rates are favorable for current homeowners. The MBA report found refinancing applications were 4 percent higher for the week ended March 27. Greater refinancing application volume is part of a larger trend of increased applications.Washington D.C. fails in terms of home affordability California city creates yet another litigation risk for big banks Supreme Court: Cities Can Sue Banks over Predatory Lending. – The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by.Why DOPA is Important. One of the primary purposes of TOPA is to allow tenants to negotiate to keep their homes more affordable, so when TOPA fails the city could lose those affordable homes. This was why DOPA was conceived of in the first place, as a way to intervene and preserve affordable homes in failed TOPA deals. Image by Caitlin Faw used with permission.

Bucking the trend of sales tapering off in the fall, the number of existing homes buyers closed on jumped a whopping 15.4% from a year ago, says a report. Why Buyers Are Racing to Close on.

New home sales fell in December, but sales for 2012 were the strongest since 2009. New-home sales slipped last month. homes was down slightly from the prior month, but up 12.8% from the prior year..

Existing home sales, which make up about 90. signs of stabilizing last month. There were 1.92 million homes on the market in July, unchanged from a year earlier. It was the first month in three.

House prices in Malta rose by 11 per cent in the fourth quarter last year compared to the same period the previous year, according to the House Price Index. It was the second highest annual increase among the EU states for which data is available, the highest being recorded in Ireland (+16.3 per cent).

According to the report, home sales in India’s nine major cities declined nearly 11% in Q1FY20 when compared to the same period last year. New launches nearly halved during the same period.

 · Similarly, new home sales were down 1.5% month-over-month but up 11.6% from the prior year. Now, on the existing home front, sales fell both on a.

Existing homes sold at the fastest pace in nearly 10 years last month. single-family home sales increased 2.3% while condominium and co-op sales were unchanged. The median sales price of all homes.