Consumer outlook not to blame for slowing existing-home sales

People on the move: Oct. 6 Image Migrants waited to be escorted to the registration camp outside Dobova on oct. 24.creditsergey ponomarev for The New York Times There are between six million and eight million people displaced ..

existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to 5.34 million units, the weakest since 2015.

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The extent to which the economic slowdown, or possible recession, would last depended in large part on the resiliency of the U.S. consumer spending, which made up approximately 70% of.

William Blair analyst Sharon Zackfia said on Thursday that economic worries were to blame for a string of small monthly same-store sales. not been as hard hit as others in the industry. The Seattle.

This week we review new and existing home sales, durable goods and. at the slowest pace in six months. Not only is the service sector slowing, but the manufacturing sector is slowing as well. The.

 · Many argue it’s not if but when the Fed will cut rates ahead. On Wednesday, the Bureau of Labor Statistics will be releasing May’s consumer price index (cpi) inflation data. “Looking to May, we project headline cpi to rise a more moderate 0.2%.

New Residential closes purchase of PHH’s Fannie MSRs 10-Q: STONEGATE MORTGAGE CORP – A more robust purchase market helps alleviate the volatility of the mortgage market associated with refinance volume. The U.S. residential mortgage. mortgage servicing right assets ("MSRs").Existing-home sales fall to three-year low, miss estimates This is, in part, caused by low inventory and rapidly increasing home prices – the median existing-home price is now $258,100, up 4.2 percent from September 2017. This month, there was a total.

We got a glimpse of new as well as existing home sales, in addition to the FHFA’s measure. As was noted already, last week’s mini-meltdown was not surprising. The rally effort was slowing down as.

With mobility on the decline, existing home sales might not have that much more room to improve. A recent report by the National Association of Realtors showed repeat homebuyers expect to live in their current home for 15 years (first-timers expect to remain in their home 10 year), up from 9 years (6 years) in 2006.

We think that tariffs imposed in the past year can account for only a small part of the slowdown in global trade growth over the same period. The threat of future tariffs might also have hit trade through its effect on business confidence and investment. But the key driver has been softer underlying demand, implying that a positive conclusion to ongoing trade talks would not lead to a sharp.