New home sales fall for third straight month in February

The Commerce Department said on Friday new home sales dropped 0.6 percent to a seasonally adjusted annual rate of 618,000 units last month. The housing market has slowed in recent months as an acute shortage of homes, especially on the lower end of the market, squeezes sales while pushing
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“In spite of the news today, there is plenty of room for growth,” Hale said. “More new home sales … “Very strong sales in November and December we probably driven by buyers rushing in before the tax plan to have their mortgages grandfathered under the old mortgage deduction limits,” Kapfidze said.
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LoanStar Home Lending has added Lance Lemoine to its executive sales team as Senior Vice President, Regional Sales Manager. Lemoine will be expanding LoanStar's branch network in the Central and Eastern United States regions. Lance brings more than 30 years of experience in building strong
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This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether Marriott International's current trading price of $137.25 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us
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Here is a quick note on Lendix, the France-based online lending platform that is rapidly expanding across the European continent. In a tweet, founder and CEO Olivier Goy revealed that Lendix experienced its largest one day ever in loans uploaded to the site. Mis en ligne à l'instant sur @lendix
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Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, a significant drop from the reported gain of $929 per loan in the third quarter, according to data from the Mortgage Bankers Association
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South Africa will probably escape a junk assessment from Moody's Investors Service on Friday, according to 15 economists surveyed by Bloomberg. A downgrade of the country's local-currency debt would see the nation's securities exit CitiGroup Inc.'s World Government Bond Index, leading to forced
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The share of mortgage refinance applications dropped to its lowest level in nearly 10 years as interest rates continued to climb. The Mortgage Banker Association's Weekly Mortgage Applications Survey for the week ending March 16 found that the refinance index decreased 5% from the previous week.
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An investigator works at the scene of a fatal accident involving a self driving Uber car in Tempe, Ariz. on March 19. Source: ABC-15.com/AP. Video of the fatal crash involving a self-driving Uber car shows the critical moments just before the vehicle makes contact with a pedestrian walking her bike across
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The heads of the joint investigations, Councilman Ritchie Torres and Housing Rights Initiative founder Aaron Carr, said in a statement that they were encouraged by the buildings department probe, but that more needed to be done. “The predatory practices of Kushner Companies is symptomatic of a
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And strategists at BMO Capital Markets and MUFG Securities Americas expect the flattening trend that's dominated the fixed-income market for months to prevail. For the moment though, it looks like bond traders might have gotten just a bit too far ahead of the Fed in the run-up to Wednesday's meeting.
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The burgeoning battery-storage industry may become the latest to feel the sting of President Donald Trump's tariffs on steel and aluminum. Prices for lithium-ion battery packs dropped 24 percent last year as it became cheaper to make them, according to data from Bloomberg New Energy Finance.
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Enter the so-called “airdrop,” in which companies bestow a sprinkling of their crypto coins upon select supporters via the Internet. Now, Mainframe is pioneering a version of that concept in the real-life, physical world. “We are taking it literally,” Mick Hagen, Mainframe's CEO and founder, told Fortune just
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Trulia's Inventory and Price Watch found that first-time buyers will face a tough spring Hand-out Trulia's Inventory and Price Watch found that first-time buyers will face a tough spring market in 2018. Not only will buyers face fierce competition in a tighter and pricier housing market, the quality of available
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UBS Group AG agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion. The settlement covers 15 securitizations
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BERKELEY (CBS SF) – As the Bay Area housing market remains tight, a couple who was being outbid became creative to buy a house. Teachers Natan and Elizabeth Kuchar were interested in a home near their current rental in Berkeley when they were competing against another couple who offered
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Energy company AWE (ASX:AWE) has moved into the Native Title phase of the renewal process for onshore production licences in the northern Perth Basin in Western Australia. These licences – L1 … AWE is an independent Australian energy company focused on upstream oil and gas opportunities.
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German fund manager Allianz Real Estate, which specialises in property investment, hopes to expand its exposure to fast growing Asia Pacific economies. According to Rushabh Desai, chief executive officer of Allianz Real Estate's Asia Pacific operations, 50% to 60% of the company's investments in the
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The institutional investor owned 35,573 shares of the financial services provider's stock after buying an additional 12,500 shares during the quarter. Jefferies Group LLC owned approximately 0.07% of Moneygram International worth $469,000 at the end of the most recent reporting period. A number of
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The statement by Bobboi Kaigama and Musa Lawal, President and Secretary General of TUC, lamented that instead of paying workers, “governors are busy buying properties all over the world. One wonders how they (governors) sleep at night while the people they govern go to bed hungry, sick and
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