Housing data storm ahead

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

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August 25, 2014, 8:00 AM PST 
 
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MORTGAGE AND REAL ESTATE NEWS 

Housing data storm ahead
Can housing shake off the winter, spring and now summer doldrums?
Trey Garrison
It's a week of key housing data and metrics releases, and Monday kicks off bright and - not early but at 10 a.m. ET - with the report on new home sales for July.

New home sales came in at a paltry annual rate of 406,000 in June while the May reading, which was extraordinarily strong, was revised 62,000 lower to 442,000. June's 8.1% drop was the biggest% decline in almost a year and followed an 8.3% boost the month before. All regions showed declines in June with the most important region, the South because of its overwhelming size in this report, posting a 9.5% drop. The drop in sales raised supply relative to sales, to 5.8 months versus May's 5.2 months. >>Read More

Comments (2)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Oh yes we have been seeing inventory going up sales down and prices flatening here.

Aug 25, 2014 01:28 AM
Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

Thanks for your comment.  Same thing in San Deigo.

Aug 25, 2014 02:45 AM