Existing home sales fall, but up 11% from last year

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Sales of existing homes in the metro Milwaukee area are down 11% for the year after a big drop in October, and analysts say there is no prospect of a fast turnaround.

New home sales down 11% from previous year. sales of new private homes sank to only 230 units in December 2014, corresponding to an 11 percent decline from the year before, according to data from the Urban Redevelopment Authority (URA). Month-on-month, sales by developers fell almost 46 percent from the 423 units moved in November 2014. Only 53.

Historically, US Existing Home Sales declined to a trough of 3.77 million units sold in November 2008 as foreclosures increased and home values fell during the US Housing Crisis. US Existing Home Sales is at a current level of 5.34M, up from 5.21M last month and down from 5.40M one year ago.

But analysts at capital economics warn against getting too excited about the possibility that low rates will heat up the housing market. “Mortgage interest rates have dropped sharply since the end of.

U.S. home sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and sidelining some potential first-time buyers.

Value fashion giant Primark has revealed an 11% rise in half-year operating profits, despite reporting flat like-for-like sales. Primark profits were 322m, up from 298m last year. Profits based on actual exchange rates were up 8% in the 24 weeks to the end of February.

New vehicle sales in Indonesia fell by 11.4% to 58,837 units in June from 66,389 units in the same month of last year, according to wholesale data compiled by industry association Gaikindo.

Auto sales fall 11% for FCA, 2.1% for Ford but rise 7.5% for GM after Harvey hits. Industry experts initially expected automakers would sell 1.53 million new cars and trucks in August, a 1.3%.

The national median price for an existing home shot up 11.3% from last year to $183,900 in September, making it the seventh consecutive month of annual price increases.

S&P/Case-Shiller shows new low for home prices in 1Q This morning, the S&P/Case-Shiller Index report for June was released showing US home prices increased for the third consecutive month however, average home prices in the U.S. are still about the same as they were over 8 years ago in early 2003. The report shows their 20-city composite home price index increased by 1.1 percent from the month before and declined by 4.5 percent from a year ago.

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.