Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
W S

Items Tagged with 'Existing home sales'

ARTICLES

Capital Economics: Don’t panic about November home sales

Analyst says existing home sales will rebound, but others differ
Trey Garrison
Economists differ on what November's existing home sales plunge means. One says don't panic, another says it's part of a larger underlying weakness.
Read More

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices
Trey Garrison
In the biggest drop since July 2010, existing home sales collapsed in November, despite record low rates and falling median home prices. What's happening? NAR says buyer uncertainty, but that doesn't seem likely.
Read More

Realtor.com forecast: Millennials will break out in 2015

Existing home sales and mortgage rates up, affordability down
Trey Garrison
Realtor.com’s chief economist Jonathan Smoke is launching his first annual forecast, and he's dramatically breaking away from the crowd with a different view of what 2015 holds for housing and mortgage finance.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More