Articles Tagged with ''home sales''

NAR: Pending home sales rise for 3rd straight month, but there’s trouble on the horizon

Realtors wary of tax reform impact on home sales
Pending home sales rose in December for the third straight month, providing further evidence that 2017 was a positive year for housing, but the National Association of Realtors doesn’t expect the good times to keep rolling. But combine continually low housing inventory and the Republican tax plan and you have a recipe for a slowdown, according to NAR Chief Economist Lawrence Yun.
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2017 was the best year for existing home sales since 2006

But weak December dents progress
Despite a weak December ending a trend of two straight months of increases, there were still more existing homes sold last year than in any year since 2006. Last year's total of 5.51 million homes sold bests 2016’s total of 5.45 million and becomes the highest that figure has been since 2006, when there were 6.48 million existing homes sold.
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New homes sales at highest level in a decade

When will housing contribute to GDP?
While this is good news for the market, there may be a bigger, better knock-on effect for the national economy if this keeps up. Read more for the latest indicators and where housing stands as part of the greater national economy.
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Freddie Mac: Housing still on track for best year in a decade

Environment to become less suitable for mortgages in 2018
Freddie Mac adjusted its prediction for home starts in 2017 and said home sales are still on track for their best year in a decade. And while it predicted conditions for mortgages will get worse in 2018, Freddie Mac forecasted home sales will continue to grow.
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Pending home sales decrease slightly in July

Marks fourth decrease in five months
Pending home sales decreased slightly in July, marking the fourth monthly decrease in the past five months and the third annual decrease in the past four months. But the National Association of Realtors explained this drop is not due to the lack of housing demand.
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