“The new-home sales series has been choppy lately, but it looks like the trend has been softening since the peak of the expansion reported for February”, J.P. Morgan Chase economist Daniel Silver said in a note to clients. Sales of homes in the range of $400,000 to $499,999 rose from 11% of all sales to 14%, and sales rose from 8% to 9% for homes sold in a range of $500,000 to $749,999. That’s up fractionally compared to the year-ago level of $302,700.
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The defense dominated the Sooners even without the services of star end Shaq Lawson, who hurt his knee early in the first quarter. The offensive line is filled with unknowns, and yet it controlled the line of scrimmage against an experienced Oklahoma defense.
NAR said existing home sales tumbled 10.5 percent to an annual rate of 4.76 million in November from a downwardly revised 5.32 million in October. The price of admission for homeownership will rise, in part because of the leverage-assisted asset inflation caused by the low-rate environment.
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The crime scene investigative team photographed the officer’s injuries, and he was treated by emergency medical personnel. His teammates tried to get him to go back to hotel…. “Clearly this was not an appropriate way to act”, McManus said.
“Home prices have risen pretty sharply over the last three to four years because of the lack of supply”, Stephen Stanley, chief economist at Amherst Pierpont Securities LLC in NY, said before the report.
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Sales of new single-family homes in the United States rose modestly in November as prices increased, according to government data released on Wednesday (Dec 23). “Year-on-year improvements are still occurring, but at a decreasing rate”.
The Federal Reserve hiked a key short-term rate last week, the first increase of its kind in almost a decade as the economy appears solid enough to manage higher borrowing costs. They plunged 28.6% in the Northeast, but notched a 20.5% gain in the West. Sales were down 8.6% in the Midwest and up 4.5% in the South.
A rebound in sales of existing home sales is expected in December as the housing market remains supported by a tightening jobs market, which is gradually lifting wages. This is a 5.7-month supply at the current sales pace.
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Information for this article was contributed by Victoria Stilwell of Bloomberg News.
