The U.S. housing slump continued in April

The April reading of U.S. existing home sales missed expectations on Tuesday, adding another losing month to a long trend on a year-over-year basis. The big picture: After sales fell by almost 5% month-over-month in March, which was the biggest drop since November 2015, there was hope April would show a major pickup.

A Russian couple hooked hundreds of investors, stole millions of dollars and then vanished, feds say. Banker resigns after a BILLION dollars "vanishes" into Russia.. He said if politicians continued to put pressure on him "I will say the truth, especially as my hands are free now.". A state-owned bank and two banks owned by Moldovan and Russian investors were put under the.

That trend continued in 2010. since the 1930s, and the housing market was shaken by 16 million foreclosures since 2007. On the flip side were gains from declining use of the mortgage deduction,

Despite a slight uptick in the sales of new homes, there is new evidence that the U.S. housing slump will not end anytime soon. Yesterday the Standard & Poor’s/Case-Shiller Index showed that national home prices fell 14.1 percent in the first quarter compared with a year earlier, the lowest since its inception in 1988.

By bob shanahan homes sales in the U.S. dropped 5.5 percent in the month of September, recording the fourth straight monthly decline as the housing market continues to show signs. Read more Tags california , estate , prices , rising , sales , slump

3 days ago. Home-price growth continued to decelerate in June, the latest sign that. been slowing for the longest period since the 2008 housing crash.

WASHINGTON-Sales of previously owned U.S. homes declined for the second month in a row in April, suggesting continued weakness in the housing market despite the strong labor market. Existing.

"Housing analysts told Scotsman Guide News this week that the U.S. housing market has hit a plateau. The latest tracking data for home-purchase mortgages appears to confirm that. Attom Data’s Daren blomquist told scotsman Guide News that the demand for home-purchase loans ‘was trudging along,’ but rising mortgage rates and eroding.

Kenya on Course to Deliver 500,000 Homes by 2022, President Says President Uhuru Kenyatta in impromptu visit to inspect. – The housing project is part of the government’s plan to construct 500,000 affordable housing units by 2022 under the Housing Pillar of the Big 4 Agenda. The President who was accompanied by Transport and infrastructure cabinet secretary james macharia and his Treasury counterpart Henry Rotich encouraged the contractor to ensure everything is.

June-July, 2018: average housing demand in the US was reported to. continued to climb or remained high because sales have to slump a lot.

Analyzing The U.S. Housing Slump New home sales fell 2.2 percent in February. The drop in new-home sales was the fourth consecutive monthly decline, and the worst showing since 1963, when the.

Can I remortgage to get a cheaper rate? – Which? News Reserve Bank cuts interest rates to historic low of 1.25pc  · The Reserve Bank of Australia has cut interest rates to a historic low, moving its cash rate from 1.75 per cent to 1.5 per cent. If fully passed on, the cut will bring the standard variable.Earlier, in the press conference the minister had said that the rates were rationalised on 100 items. Asked about the revenue impact of the tax rate cut, Goyal said it will only be “nominal". “With.

On Aug. 16, the U.S. housing starts data showed a decline of 4% on a continued slide in multifamily production, which.

Although new home sales advanced in March and April. slump and come in stronger at 6.03 million this year and increase to 6.19 million in 2020. Meanwhile, new data on May housing starts and.