New-home sales unexpectedly jump to highest level since 2007

Existing home sales grew by 0.7% to an annual rate of 5.61 million units last month, the highest sales level since February 2007. Meanwhile, October sales were revised down to 5.57 million units.

United States housing prices experienced a major market correction after the housing bubble.. National home sales and prices both fell dramatically again in March 2007. sale. The stock of the country's largest subprime lender, New Century Financial, The delinquency rate for Alt-A mortgages has been rising in 2007.

A new home in east Boise. The U.S. Commerce Department says sales of new U.S. homes jumped in September to their highest level since October 2007. Hurricane damage in September might have inflated the data. Photo by Anne Wallace Allen. Sales of new U.S. homes jumped in September to the highest level since October 2007, a sign that Americans – unable to find existing homes – are turning to.

Sales of new U.S. single-family homes unexpectedly fell for a second straight month. jumped 4.9% in May to the highest level since July 2007.

(Bloomberg) — U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to gove.

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New home sales unexpectedly jumped in March, according to the Department of Commerce. Sales of new single-family houses rose 5.8% at a seasonally adjusted annual rate of 621,000, the highest since last August. Economists had forecast that new home sales fell by 1.4% at a seasonally adjusted annual rate of 584,000, according to Bloomberg.

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US existing home sales increased nearly 10% from August to September, and sales activity is at its highest level since July 2007, the National Association of Realtors (NAR) said. september marks.

US New Home Sales Fall Unexpectedly to 5-Month Low Sales of. US New Home Sales Jump to Near 1-1/2-Year High Sales of. New home sales were at the lowest level since March 2016. Published on.. Considering full 2016, new home sales went up 12.2 percent to 563,000, the highest since 2007.

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Washington, DC, November 27, 2017-New home sales rose 6.2% to a seasonally adjusted annual rate of 685,000 in October, according to the Commerce Department. This is the highest level since October.

Freddie Mac raises origination forecast based on lower rates, more refis The caveat here is that their forecast came before the economy began to show more serious cracks, and even recession fears, so they’d probably lower their numbers fairly substantially if they were to revise them. Trulia 2019 Mortgage Rate Forecast. Then we have Trulia’s forecast, which sees mortgage rates hitting 10-year highs in 2019.