According to the GSE’s no appraisal purchase loans are coming soon.
The post No Appraisal Purchase Loans Coming Soon appeared first on National Real Estate Post.
The report on May new home sales, released this
morning, paints a much brighter picture than last month's release of April
data. In that report, the U.S. Census Bureau and the Department of Housing and
Urban Development said new home sales had dropped 11.4 percent from their March
level, to a seasonally adjusted annual rate of 569,000 units. Today that rate was revised up to 593,000.
May sales improved on that report. They were up by 2.9 percent from April to a
seasonally adjusted estimate of 610,000, cracking the 600,000 mark for only the
fourth time since the housing crisis began.
Sales are now 8.9 percent higher than in May 2016 when the estimate was
560,000. On a non-seasonally adjusted
basis, sales in May were 1,000 units higher than in April, at 58,000.
American home equity has more than doubled and it may be the only real retirement we have.
The post American Home Equity More Than Doubles appeared first on National Real Estate Post.