Existing-home sales plummet 15.3% in May

Regionally, existing-home sales in the Northeast dropped 29.5 percent to an annual pace of 620,000 in July and are 30.3 percent lower than a year ago. The median price in the Northeast was $263,800, up 4.8 percent from July 2009. Existing-home sales in the Midwest fell 35.0 percent in July to a level of 800,000 and are 33.3 percent below July 2009.

The pace of existing-home sales fell 15.3% in May from a year ago, the latest data from NAR show. The median price dropped 4.6%.

Existing Home Sales. It’s cold and lower mortgage rates weren’t enough to heat up the market for existing homes. Sales of existing homes fell 6.4% in December and were ultimately down 10.3% on the year to come in at 4.990 million on a seasonally-adjusted basis.

Miami-Dade home sales plummet in July as real estate boom. – Existing home sales fell 20 percent, a number that one analyst called "eye-popping" and is raising fears of a major slowdown in South Florida real estate.. May 21, 2019 12:18 PM

The Canadian Real Estate Association reported Monday that existing home sales in the 26 municipal markets it tracks rose a seasonally adjusted 2.4 per cent in March over the previous month, but.

Brock & Scott expands default law practice Fannie Mae, Freddie Mac would need another bailout in severe economic crisis The Fannie Mae and Freddie mac bailout occurred on September 7, 2008. The U.S. Treasury Department was authorized to purchase up to $100 billion in their preferred stock and mortgage-backed securities.As a result, they were put into conservatorship by the Federal Housing Finance Agency.Brock & Scott Acquires Shechtman Halperin Savage Default Practice Group and Expands into the Northeast (Pawtucket, RI) Brock & Scott, PLLC is pleased to announce an expansion of its default law practice into the Northeast states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.OCC addresses foreclosure review controversy with new guidelines Debt-Equity Regulations – A Year in Review – treasury stated specifically that the regulations under section 385 had been issued to “address the issue of earnings stripping” in three ways – (1) “[t]argeting transactions that increase.

Housing Bubble 2.0 - Foreclosures Up - Existing Home Sales Down - CA Sales Take A Beating Existing home sales plunge 7.1% to a 3-month low in February – Existing-home sales plummeted 7.1% in February, pointing to ongoing rockiness in a housing market struggling to find its footing. Sales ran at a seasonally adjusted annual rate of 5.08 million.

Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in St. Louis for July decreased 36.1 percent from a year ago. For the US as a whole, existing home sales in July were at at a seasonally adjusted-annual rate of 3.83 million units which is a decline of 27.2 percent from June and is a.

and 15.3% from 5.68 million in May 2010, the National Association of Realtors said. But the group warned that May 2010 sales were inflated because of the pending expiration of a tax credit for home.

CoreLogic: Nearly 1 million houses float back into positive equity Real estate investor gets 7 years in $15M mortgage fraud scheme A real estate developer in Miami is facing hard time after defrauding investors out of $64-million in a mortgage fraud scheme, according to the U.S. Attorney’s Office for the Southern district.corelogic (nyse: clgx), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the first quarter of 2018, which shows that U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 13.3 percent year over year, representing a gain of $1.01 trillion since the.

Compared to June 2008, however, new home sales fell 21 percent. Yes, the rate of plummet is slowing. In recent months, existing home sales, home construction, and building permit levels have all.

Existing Home Sales Plummet in 2006.. offering some hope that the housing market may be on the mend, economists said.. existing home sales, which account for most home sales, were down 15.5.

Florida governor signs bill to speed up state’s foreclosure process After Florida’s entrance into the union in 1845, and the ratification of the State’s first Constitution, the Supreme Court of the State of Florida was born. It is the successor to the florida territorial court of Appeals and the court system that existed under Spain prior to the acquisition of Florida through the Adams-Onis Treaty .