Currently viewing the tag: "Existing Home Sales"

Existing Home Sales rose in March, as expected. U.S. homebuyers closed on 7 percent more homes as compared to February.

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As expected, the February Home Sales figure dipped relative to January. It’s four straight months of lower month-over-month totals. However, it’s actually pointing towards rising values.

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After a big drop of 17% December, the January Existing Home Sales report yielded a 7% slide. An “existing home” is a home not being resold by a previous owner. It essentially excluded only new construction.

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Pending Home Sales Recover

On February 3, 2010 By

Pending Home Sales recovered by 1% in December after November’s big drop.

A Pending Home Sale is a home under contract, but not yet closed.

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Conforming and FHA mortgage rates improved last week on the combination of soft economic data and new talk from the White House about tightening up banking regulations.

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