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Express Train on Existing Home Sales Continued at High-Speed Through October
Existing home sales accelerated through October 2020, with closings hitting 6.85 million dwellings on a seasonally adjusted annualized rate (SAAR). This was the greatest level posted since March 2006...
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Pandemic-Driven Existing Home Sales Surge Continues — Home Sales Up 25.8...
The surge in existing home sales continued, up 25.8 percent in November 2020 versus one-year ago on a seasonally adjusted annualized rate (SAAR) to 6.69 million as reported by the National Association...
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Housing Sales Buoyed by Record-Low Interest Rates
Housing today has the greatest intrinsic and price values in our lifetimes as we spend more time than ever before at home. Median home prices rose a phenomenal 14.5 percent to $310,800 in the...
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Housing Market, Residential Lending & Interest Rate Forecasts – December 2020
December 2020 monthly forecasts from Fannie Mae and the MBA show they continue to disagree on where home sales and residential lending volumes are trending for 2021. The divergence is a function of...
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Home Sales, Median Prices, Residential Lending Volume & Interest Rate...
In the list of uncertainties ranging from new tax rates and laws to the yet-to-be-known stimulus that will be passed by congress, add to that where home sales, median prices and lending volumes are...
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February Forecast Update: Interest Rates-Home Sales-Residential Lending
A favorite economist term is, “Forecasting is easy, except the future.” As an economist, I concur, but forecasting is what economists do for a living. My favorite statement, however, is, “If I...
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Interest Rates, Home Sales & Lending Forecast — April 2021
In the dark and clouds, airplane pilots need to know where they are heading. Fortunately flight instruments lead the way. The same is true in residential markets with monthly updated forecasts by...
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Existing Home Sales Stutter Slightly in May, Down 0.9 Percent, But Median...
Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings...
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Forecast Update: Home Sales, Residential Lending & Interest Rates by Fannie...
Axioms are truths. If there is ever one complete truth it is that not everyone sees the future equally, nor do they consistently perceive the present. Proof in the statement takes only a glance at...
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Housing Market & Residential Lending Forecast August 2021
Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates. They do not, however, look through the same glasses when...
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