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Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

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Items Tagged with 'Existing home sales'

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Existing home sales tick up 1.5% in October

Second month in a row of gains brings pace to highest in 11 months
Trey Garrison
Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors.
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FNC: Home prices slightly drop in September

Reverses 30-month rising streak
Brena Swanson
Home prices finally reversed a 30-month rising streak and declined in September despite strong home sales and continued labor-market improvement.
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September existing-home sales jump to highest annual pace

Sales rise as rates drop
Brena Swanson
Despite last month’s slight retreat, existing-home sales jumped back up to their highest annual pace of the year. And on top of that, all major regions except for the Midwest experienced gains in September.
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Existing home sales drop 1.8% on cash buyer retreat

Annual home sales down 5.3%
Trey Garrison
With cash-paying investors in a full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors. "On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country,” said Lawrence Yun, NAR chief economist.
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Existing home sales reach 2014 high

July sales still trail 2013
Trey Garrison
Existing home sales increased in July to their highest annual pace of the year, but are down 4.3% year over year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of Realtors.
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Sterne Agee: Housing continues to struggle

Builder opportunities exist in light of shrinking inventories
Trey Garrison
A note to clients from Sterne Agee reports on the state of the homebuilder market, which shows housing continues to struggle against falling inventories and subpar sales.
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Existing home sales in June down 2.3% YOY

Slight uptick from May brings pace to highest since October 2013
Trey Garrison
Existing home sales declined 2.3% in June 2014 from June 2013, reaching an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors.
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Sellers put more homes on the market in May

Existing home inventory posts new record high
Brena Swanson
The number of existing homes on the market surged to the highest level in almost two years, giving the housing market a bit of good news.
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Existing home sales surge 4.9% in May

Is this the light at the end of the tunnel?
Ben Lane
According to newly released data from the National Association of Realtors, May’s existing home sales rose by nearly 5% over April’s numbers. May’s month-over-month gain of 4.9% was the highest monthly rise since August 2011.
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4 charts show the phony thrill of existing home sales

Down 5% year-over-year, and guess where the only growth is?
Trey Garrison
The 4.9% increase in sales from April to May that’s making the dutifully exuberant headlines in the mainstream financial press isn’t the story. These four charts explain why they're putting lipstick on a pig.
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