Housing Market Volatility Flashes ‘Early Signs’ Of Recession As New Home Sales Unexpectedly Surge
Housing Market Volatility Flashes ‘Early Signs’ Of Recession As New Home Sales Unexpectedly Surge
Abstract
Housing Market Volatility Flashes ‘Early Signs’ of Recession As New Home Sales Unexpectedly Surge Topline New home sales unexpectedly surged much more than economists projected in August. About 685,000 new single-family houses were sold last month on a seasonally adjusted annual basis, climbing 29% above the July rate of 532,000 and coming in much higher than analyst projections averaging 500,000. Despite the increased sales. The surge could reflect a rush of purchases by people.
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Housing Market Volatility Flashes ‘Early Signs’ Of Recession As New Home Sales Unexpectedly Surge Topline New home sales unexpectedly surged much more than economists projected in August even though same-day data showed prices collapsing due to a dearth in demand—fueling volatility that some experts argue could signal the housing market slowdown could hike up the odds of a recession. As prices plunge from record levels, one home builder says it's "too soon to predict how long or ... [+] s...
Housing Market Volatility Flashes ‘Early Signs’ Of Recession As New Home Sales Unexpectedly Surge Topline New home sales unexpectedly surged much more than economists projected in August even though same-day data showed prices collapsing due to a dearth in demand—fueling volatility that some experts argue could signal the housing market slowdown could hike up the odds of a recession. As prices plunge from record levels, one home builder says it's "too soon to predict how long or ... [+] s...
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CNBC's Diana Olick joins 'The Exchange' to report on the latest developments in the housing market.
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Historic Housing Shortage Shows Signs Of Letting Up As Sales Decline
Home sales that closed in April spent less time on the market and sold for further above list price ... [+] than a year ago.
getty
Home sales that closed in April spent less time on the market and sold for further above list price ... [+] than a year ago. The housing market turned a corner in April as the inventory crunch showed signs of easing, according to a new report from Redfin, a technolo...
Historic Housing Shortage Shows Signs Of Letting Up As Sales Decline
Home sales that closed in April spent less time on the market and sold for further above list price ... [+] than a year ago.
getty
Home sales that closed in April spent less time on the market and sold for further above list price ... [+] than a year ago. The housing market turned a corner in April as the inventory crunch showed signs of easing, according to a new report from Redfin, a technolo...
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Ongoing volatility in mortgage rates in the months ahead may lead to larger than typical swings in the pace of new home sales, said MBA economist Joel Kan.
The post Mortgage rate volatility affecting pace of new home sales appeared first on HousingWire.
Ongoing volatility in mortgage rates in the months ahead may lead to larger than typical swings in the pace of new home sales, said MBA economist Joel Kan.
The post Mortgage rate volatility affecting pace of new home sales appeared first on HousingWire.
The Dayton region's July housing data is out and numbers continue to tell a story of high prices, low inventory and little home turnover.
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