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New-home sales climb for a third straight month in March

WASHINGTON (AP) – U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy. The Commerce Department said Tuesday that new-home sales rose 5.8 percent last month to a seasonally adjusted annual.

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Market Insights U.S. new-home sales climb for a third straight month in March Purchases of new homes climbed in three of four regions, led by a 17.6% jump in the Midwest.

Existing home sales have reversed course after two months of declines.. issue because new and existing housing supply is still severely subpar.”. disruptions from the large winter storms that have occurred in March.”. February's price increase marks the 72nd straight month of year-over-year gains.

Following a stretch of year-over-year sales jumps, Southern Nevada’s first-quarter resales and new-home sales both dropped from 2018 levels. Buyers picked up 8,073 previously owned houses, condos and.

US new-home sales slump for 4th straight month.. the highest level since March 2011 when the real estate bust caused by subprime mortgages was still weighing on the economy.. New-home sales.

The median sales price has increased just 1.2 percent over the past year to $311,400 in March. New-home sales jumped last month in the Northeast and West, grew modestly in the South and fell in.

New home sales fall for third straight month. BY hbsdealer staff march 23, 2018. Get all the latest industry news in your inbox. Subscribe. Pulled down by steep drops in the Midwest and West, sales of new single-family homes fell for the third month in a row, according to today’s report from.

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs. Single-family home sales rose 4.5% to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised down somewhat, government data showed Tuesday.

WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly. home sales in the.

Equity-rich properties rise as fewer go underwater Mortgage rates rise again, but shouldn’t affect home buying But let’s say rates rise to 5.5%. Still a great rate, but 1% higher than you planned. Now you are limited to a purchase price of $265,000, again assuming 20% down. That’s a 10.17% reduction in buying power and $30,000 shaved off your maximum purchase price.. (of the market) have both seen a huge increase in the equity that they have. Many equity-rich homeowners, especially older ones, are simply using. The highest share of seriously underwater properties, where the home's value is at least 25 percent less than the mortgage, are in the following locations:.

Federal appeals court says Amazon is liable for third. homes in March compared with February, according to the National Association of Realtors’ pending home sales index. Sales were 1.2% lower.

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