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US House Sales : May 2016
“May US home sales increased at a rate that’s slightly higher than the average monthly increase,” said Dave Liniger, RE/MAX CEO and Chair, to National Mortgage Professional Friday. “This is despite the fact that inventory in many markets remains very low. At the same time, interest rates appear to have stabilized, which helps encourage potential…
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US Real Estate, Home Sales, Prices
“US housing starts in May rebound in year-over-year terms, rising 9.5 per cent. That’s a refreshing change from April’s mild decline. Nonetheless, Friday’s update reflects a relatively subdued rate in residential housing construction vs. recent history,” said James Picerno on Seeking Alpha Friday. US Real Estate James Picerno, Seeking Alpha The mixed profile of this…
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US Housing Starts: May 2016
US housing starts slipped in May as the construction of multifamily housing units dropped, but there were further gains in building permits. Groundbreaking fell 0.3 per cent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department said on Friday. That of single-family homes rose 0.3 per cent to a 764,000-unit pace…
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US Price-to-Rent Ratio: March 2016
On a price-to-rent basis, the Case-Shiller National index is back to August 2003 levels, the Composite 20 index is back to June 2003 levels, and the CoreLogic index is back to October 2003. US Price-to-Rent Ratio The year- over-year increase in the Case-Shiller National House Price Index is mostly moving sideways, now around 5 per…
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US New House Prices, Inventory: March 2016
Fast on the heels of US Census Bureau and the Department of Housing and Urban Development data last week, the Case-Shiller National Home Price In– dex for March was released Tuesday. Meanwhile, the Standard & Poor’s (S&P)/ Case-Shiller 20-city home price index increased 5.4 per cent in March compared with a year earlier, according to…
