Existing-home sales fall to three-year low, miss estimates

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Homebuilders Fall to 10-Month Low on Sales Data, Earnings Miss (Michael Flippo/Dreamstime). Blame that on disappointing economic data and earnings reports that trailed estimates.. That added to pessimism that appeared Tuesday when data showed existing home sales dropped for the third month.

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.

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Existing Home Sales Miss Street Estimates – Underlying Data. – Near-record low mortgage rates and reduced credit barriers are not stimulating sa. existing home sales Miss Street Estimates – Underlying Data Still Bearish. evaluated over a three-year.

Star Reliable Mortgage operators sentenced Three sentenced to prison for running scam in Bakersfield. – Juan Curiel, 38, of Visalia, was sentenced to three years and five months in prison, and Santiago Palacios-Hernandez, 48, of Salinas was sentenced to two years and nine months in prison.

Existing Home Sales Miss Estimates The existing home sales report doesn’t matter to GDP, but it is important because most homes sold are in this category. As you can see from the chart below, sales of 5.19 million in April fell slightly from 5.21 million which missed the low end of the expected range which was 5.25 million.

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Last month, existing home sales fell in three of the country’s four major regions, rising only in the Northeast. There were 1.59 million previously owned homes on the market in January, up from 1.

WASHINGTON (May 21, 2019) – Existing-home sales saw a minor decline. said he is not overly concerned about the 0.4% dip in sales and expects moderate growth very soon. “First, we are seeing.

From Jill Mislinski: This morning’s release of the january existing-home sales decreased from the previous month to a seasonally adjusted annual rate of 5.38 million units. The Investing.com.

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Don’t miss: Turkey halts lira’s free fall-but it’s not out of the woods. compared with consensus estimates of 219,000. At 10 a.m. Eastern Time, existing home sales for April stood at 5.46 million,

20.11.2014 - Economic Calendar by Dukascopy Existing Home Sales Miss Estimates – briefing.com – Existing Home Sales Miss Estimates. 20-Jun-18 10:00 ET . Dow +61.98 at 24762.19. Just in, existing home sales decreased 0.4% in May to an annualized rate of 5.43 million units (Briefing.com consensus 5.55 million). The April reading was revised to 5.45 million (from 5.46 million).

US home resales fall to three-year low, missing estimates . By Shobhana Chandra Bloomberg. Existing-home sales account for about 90 percent of U.S. housing and are calculated when a contract.

Fortress funds buying, renaming Colony American Finance Fannie Mae will pay $2.8B to Treasury after profit Starwood’s Sternlicht says real estate health tied to tech Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.Fortress acquires Colony American Finance – News to Watch – Fortress Investment Group is about to be acquired by SoftBank Group in a $3.3 billion deal, but Fortress isn’t done making its own acquisitions while that deal works its way through the legal process.. fortress announced Tuesday that it is acquired Colony American Finance, a lender that provides financing for real estate investors who want to purchase single-family rental homes, townhomes.