Home sales fall in California

Pending home sales-notoriously volatile but considered a sign of where a housing market is headed-dropped 2.6 percent in October compared to a year ago in California, the ninth time in 10.

California Home Sales Fall as Economist Warns of Tax Bill Impact. "The combined impact of the $750,000 cap on mortgage interest deductions and the increase of the standard deduction will eliminate the tax benefits of home ownership for many," Kirchner said In California, the latest report showed sales at a seasonally adjusted annual rate of 440,340 units in November, compared to 443,960 in November 2016.

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 · Supermarket chain Morrisons has reported another fall in sales, partly due to cutting back on promotional vouchers. In the 13 weeks to 1 November, like-for-like sales excluding fuel fell by 2.6%.

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DBRS puts U.S. debt rating under review What will the looming Fed rate hike do to housing? What the Fed’s rate hike will mean for America’s wavering housing market Why 2019 may not lead to a home buyer’s market. Americans could pay $2.4 billion more on their credit-card debt after.DBRS puts magna debt under review – The Globe and Mail – DBRS put the debt ratings of Magna International Inc. "under review with negative implications" on Friday, following the announcement by Chrysler LLC that it has filed for Chapter 11 bankruptcy.

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San Diego home price gains continued to slow in November compared to most of the nation and California, said the S&P CoreLogic. “That’s why you’re seeing sales slow, as well.” Gin said other parts.

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LoanLogics names new CEO LoanLogics names new CEO | 2019-04-18 | HousingWire – LoanLogics has announced that its president and COO, Bill Neville, will take over the role of CEO from Brian Fitzpatrick. LoanLogics Founder and Chairman Howard Conyack Jr. said Neville’s.

News US New Home Sales Fall More than Expected Sales of new single-family houses in the United States dropped 6.9 percent from the previous month to a seasonally adjusted annual rate of 673 thousand in April 2019, from a revised 11-1/2-year high in March, while markets had forecast a 2.8 percent fall to 675 thousand.

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