While the federal reserve cut interest. Index data. The home-sales data show the market may have "just turned a corner for.
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In 2018, the official poverty rate was 11.8 percent, down from 12.3 percent in 2017. But a second set of numbers, called the Supplemental Poverty Measure, or SPM, shows no improvement at 13.1.
The government’s data on new home sales. about slowing growth, especially tied to trade tensions between the United States and China, as well as weakness in overseas economies are seen encouraging.
If you’re 55 or older, you can borrow as much as 55 per cent of the value of your home. Principal and compound interest.
Mortgage rates rose on a weekly basis for the second week in a row, potentially threatening to put a damper on home sales just as the real-estate market’s outlook was brightening.
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Still, some economists don’t expect higher interest rates to slow home sales. is expected to show that employers added 178,000 jobs last month, according to a survey of economists by the data.
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Housing starts fell in July as multifamily construction tumbled in the Northeast. Total housing starts fell 4% in July, to a seasonally adjusted rate.
Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market. The Commerce Department said on Friday new home sales dropped 12.8% to a seasonally adjusted annual rate of 635,000 units last month. It was the biggest monthly.
Moreover, the slower growth in home prices suggests that real. Both Realtor. com and Redfin estimate that mortgage rates will rise to. As of February 2019, Freddie Mac data shows that the current mortgage interest rate is.
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New home sales. We think when all is said and done, sales of new homes will rise by about 8 percent for the year, putting us at about a 650,000 annual rate or thereabouts. Another year of improvement, and an incremental move toward a "normal" level of sales of perhaps 800,000 per year.