Consumer outlook not to blame for slowing existing-home sales

Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to 5.34 million units, the weakest since 2015.

"At this point, unfortunately, it seems clear that the Windows 8 launch not only failed to provide a positive. overall professional PC demand continued to grow." Sale of Windows 8 PCs into.

Rise in hurricane recovery times could strain mortgage servicers Fannie Mae Offers Relief Options for Homeowners and Servicers. – Lenders and servicers will be reimbursed for the costs associated with inspecting properties impacted by the storm, ensuring that inspection costs will not be passed on to impacted borrowers. Credit underwriting and appraisal documents can be up to 180 days old at time of closing.

“Retail sales were volatile to start the year and unexpectedly fell in April. Meanwhile, consumer. our outlook for growth in US economic activity and expectations of 75bp in precautionary rate cuts.

William Blair analyst Sharon Zackfia said on Thursday that economic worries were to blame for a string of small monthly same-store sales. not been as hard hit as others in the industry. The Seattle.

Economics: Continued Labor Market Strength amid Softening Growth Outlook Housing: Despite a Disappointing 2018, There Is Hope for Existing Home Sales This Year 01/18 Weekly Note

Granite Point’s IPO priced lower than expected 4 Wall Street analysts have issued 1-year price targets for Granite Point Mortgage Trust’s shares. Their predictions range from $19.50 to $20.00. On average, they anticipate Granite Point Mortgage Trust’s stock price to reach $19.75 in the next twelve months. This suggests a possible upside of 4.3% from the stock’s current price.Uncertainty keeping mortgage rates low: Freddie Mac "Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months," Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge. (Source: Freddie Mac) The 30-year fixed-rate mortgage dropped to 3.89% for the week ending June 8, 2017.

The slowing of sales is blamed primarily on low housing inventory. Although slower sales did push inventory up 9.8% in April and from 3.6 months to 4.0 months, at the current pace of sales, there’s still not enough to go around, and it’s a seller’s market. The median sales price did increase to $257,900, which is up 5.4% on the year.

 · Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing.

We think that tariffs imposed in the past year can account for only a small part of the slowdown in global trade growth over the same period. The threat of future tariffs might also have hit trade through its effect on business confidence and investment. But the key driver has been softer underlying demand, implying that a positive conclusion to ongoing trade talks would not lead to a sharp.

The Consumer Price Index has been mostly stable, at a modest 2% over the past 12 months. And the long-term outlook. sales. What’s new. Network operators are slowing spending on everything, including 5G deployment. "Our 2019 [optical communication sales] outlook has been impacted by a major fiber to the home.

–ONLINE sales fall. online sales growth, positive in both January and February, also found room to contract in March, down 1.2% y/y. This was the first fall in 10 months and suggests the weather alone was not to blame for the tapered spending appetites but that confidence remains fragile.