Items Tagged with 'Nationwide'


  • April's dip in home sales may portend "significant gain" in May, economist says

    March's signed contracts were supposed to have turned to sales by now
    Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives?
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  • Pending home sales show modest retreat in February

    NAR reveals a 1% decline last month after substantial January gains
    Pending home sales dropped 1% in February, declining 4.9% from last year, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that considering the fact that January's pending contracts were up nearly 5%, the 1% drop in February is not a significant concern, although it's clear that activity this spring will not match last year's frenzied pace.
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  • Royal Bank of Scotland pulls petty mortgage stunt

    Here's why we shouldn't be surprised
    In fact, the disdain banks and their branch workers have toward their customers is even the subject of one bank's marketing campaign — that's testament to just how widely accepted it is that customer service is terrible. Well, RBS reportedly did something to top it all.
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  • Where are home sales headed?

    Realtors: Strength hinges on job market
    Existing-home sales experienced a slight increase and grew 1% to a seasonally adjusted rate of 4.87 million in December from 4.82 million in November, due to weather, mortgage rates and continuous home prices gains.
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  • Existing-home sales not reflective of current market

    Investor influence remains high
    The impressive growth in existing-home sales would seem to suggest a continually improving housing market. But David Berson, chief economist at Nationwide, believes it may be premature to assume this report is directly correlated with the current housing market.
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