Tuesday, January 15, 2019
The post How About Making The Call? appeared first on National Real Estate Post.
Wells Fargo Accused of Laundering Cartel Money
The post Wells Fargo Accused of Laundering Cartel Money appeared first on National Real Estate Post.
This one might smart a bit. There were big
hopes for home sales in April, with interest rates continuing at unexpectedly
low levels, unemployment at a 50-year low, and the spring market supposedly in
full swing. Analysts polled by Econoday
expected that the existing home sales number would jump from the annual rate of
5.210 million sales in March to a consensus of 5.350 million, with some forecasting
as high as a 5.400 million rate.
Instead, the National Association of Realtors® said existing home sales
ticked down even further, adding to the 4.9 percent month-over-month decline in
single-family homes, townhomes, condominiums, and cooperative apartments sold
at a seasonally adjusted annual rate of 5.19 million in April, down 0.4 percent from March. The year-over-year gap did narrow
slightly from the 5.4 percent deficit in March; April sales were down 4.4
percent from the rate of 5.43 million units in April 2018.
to the surface yet again, driving the gain in mortgage applications during the
week ended May 17. The Mortgage Bankers
Association (MBA) said its Market Composite Index, a measure of application
volume, increased 2.4 percent on a seasonally adjusted basis from one week
earlier and was 2.0 percent higher before seasonal adjustment. The increase was solely due to an 8.0 percent
surge in the Refinance Index. The share
of applications that were for refinancing also increased, jumping from 37.9
percent during the week ended May 10 to 40.5 percent.