This morning the economic report on New Home Sales has been released. As we had anticipated this number rose to 384K in June, from a seasonally adjusted of 346K in May. The consensus estimates were at 352K. Sales have now risen for three straight months. All this being said the median sales price for new homes...
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Home Sales
This morning we received Sales of Existing Homes for the month of June. The number came in at an annual adjusted rate of 4.89 Million with a consensus estimate of 4.85M. While this was a modest gain from the estimates it is the third straight month that sales of existing homes have increased and it...
The National Association of Realtors announced today that Pending home sales for April were up 6.7% from March. This is the third month in a row that pending sales have increased. Slowly it seems that we are creeping out of the bottom of the real estate market. Additionally, we see that 30yr mortgage rates are...