New Home Sales fell 18 percent in December compared with one year ago, according to John Burns Real Estate Consulting, a California-based housing research and analytics firm, CNBC reported last week.
Also, sales were also down a steep 19 percent annually in November, according to JBRC's analysts.
This means, the US housing market has been very tough toward the end of 2018.In this kind of environment, it's very tough to sell your house fast.
However, there is always a way to Have your house sold quickly. As a local cash buyer, We Buy Houses in the Bronx & Brooklyn All CASH and Close within 7-10 Days
For more info, please visit our main website at WeBuyHousesNYC.com
Sunday, January 13, 2019
Sunday, November 11, 2018
Mortgage applications plunged to 4-year low as interest rates hit 8-year high - Tough Housing Market Ahead
Total mortgage application volume fell 4 percent last week from a week earlier and plunged 16 percent from a year ago, according to the Mortgage Bankers Association's index. Also, mortgage applications to purchase a home led the volume lower, falling 5 percent for the week to the lowest level in 2 years.
This is obviously due to the rising interest rates that are clearly scaring away potential homebuyers.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to 5.15 percent. That is the highest rate since April 2010.
In this environment, it is hard to sell your house fast.
However, there is always a way to have your house sold quickly. We are local investors and We Buy Houses As Is All Cash & Close Fast.
Please email us at WeBuyHousesBronx4Cash.com and for more information, please visit our main website at WeBuyHousesBronx4Cash.
This is obviously due to the rising interest rates that are clearly scaring away potential homebuyers.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to 5.15 percent. That is the highest rate since April 2010.
In this environment, it is hard to sell your house fast.
However, there is always a way to have your house sold quickly. We are local investors and We Buy Houses As Is All Cash & Close Fast.
Please email us at WeBuyHousesBronx4Cash.com and for more information, please visit our main website at WeBuyHousesBronx4Cash.
Saturday, November 3, 2018
New Home Sales Dropped 5.5 % to 2 Year Low
New home sales plunged in September, falling 5.5 percent to an almost two-year low due to the pressures from rising interest.
The Commerce Department reported that sales for the month came in at 553,000 on seasonally adjusted basis. That's 5.5 percent below the downward revised August rate of 585,000 and a 13.2 percent tumble from the 637,000 reported for the same period a year ago. September represented the worst month since December 2016.
In this environment, it is really hard to sell your house fast.
But there is always a way to sell your house fast for Cash. As a local cash buyer in the Bronx, We Buy Houses As Is for Cash and Close Quick.
If you are interested, please visit our website at WeBuyHousesNYC.com or email us at contact@WeBuyHousesNYC.com
The Commerce Department reported that sales for the month came in at 553,000 on seasonally adjusted basis. That's 5.5 percent below the downward revised August rate of 585,000 and a 13.2 percent tumble from the 637,000 reported for the same period a year ago. September represented the worst month since December 2016.
In this environment, it is really hard to sell your house fast.
But there is always a way to sell your house fast for Cash. As a local cash buyer in the Bronx, We Buy Houses As Is for Cash and Close Quick.
If you are interested, please visit our website at WeBuyHousesNYC.com or email us at contact@WeBuyHousesNYC.com
Saturday, January 28, 2017
US Home Sales Sharply Plunged in December 2016
US Existing Home Sales plunged in December.
Existing-home sales ran at a seasonally-adjusted annual pace of 5.49 million, the National Association of Realtors said this Tuesday. That was down 2.8% from November.
U.S. New Home Sales Drop Sharply in December as well, the Commerce Department said Thursday.
Last month’s fall of 10.4% from November was the steepest since March 2015.
Home buyers are facing headwinds from higher mortgage rates and uncertainty about tax policy. As a matter of fact, US mortgage rates jumped to 4.32% by the end of December from 3.5% in early November, according to mortgage company Freddie Mac.
In this environment, it is hard to sell your house fast.
However, there is always a way to sell your house fast. As a local cash home buyer, We Buy Houses As Is All CASH.
For more information, please visit our main website at WeBuyHousesBrooklyn4Cash.com
Existing-home sales ran at a seasonally-adjusted annual pace of 5.49 million, the National Association of Realtors said this Tuesday. That was down 2.8% from November.
U.S. New Home Sales Drop Sharply in December as well, the Commerce Department said Thursday.
Last month’s fall of 10.4% from November was the steepest since March 2015.
Home buyers are facing headwinds from higher mortgage rates and uncertainty about tax policy. As a matter of fact, US mortgage rates jumped to 4.32% by the end of December from 3.5% in early November, according to mortgage company Freddie Mac.
In this environment, it is hard to sell your house fast.
However, there is always a way to sell your house fast. As a local cash home buyer, We Buy Houses As Is All CASH.
For more information, please visit our main website at WeBuyHousesBrooklyn4Cash.com
Thursday, December 1, 2016
Can I Sell My House By Christmas or Year End? Yes, You Can!!!
If you have a house and are contemplating selling it quickly, you are in the right place.
As a local cash buyer in NYC, We Buy Houses "As Is" All Cash and Close Fast. In most instances, within 7-10 days. Sell your house fast and start afresh in the coming year of 2017 !!!!
If you have a clear title and if you contact us by the 2nd week of December, we can close by Christmas or Year End.
For a free quote, please call 1-888-282-0423, Ext. 1.
Or Email us at WeBuyHousesNYC@gmail.com. For more info, please visit our official website at WeBuyHousesBrooklyn4Cash.com Happy Holidays to you all !!!
As a local cash buyer in NYC, We Buy Houses "As Is" All Cash and Close Fast. In most instances, within 7-10 days. Sell your house fast and start afresh in the coming year of 2017 !!!!
If you have a clear title and if you contact us by the 2nd week of December, we can close by Christmas or Year End.
For a free quote, please call 1-888-282-0423, Ext. 1.
Or Email us at WeBuyHousesNYC@gmail.com. For more info, please visit our official website at WeBuyHousesBrooklyn4Cash.com Happy Holidays to you all !!!
Wednesday, August 24, 2016
Existing Home Sales Plunged in July, Signaling the Housing Market Coming Down...
Existing home sales decreased 3.2% last month from June to a seasonally adjusted rate of 5.39 million, the National Association of Realtors said Wednesday. It was the first time sales had decreased since February.
The sales were much lower than the market expectations (5.52 million) . And the existing home sales in July were down 1.6% from a year earlier.
It suggests that the US housing market has hit the top and now may be heading south.
In this kind of environment, it is getting harder to sell your house in a short time frame. In New York City, the average time frame to sell the house is like 10-12 months and it looks like getting longer now.
Having said that, there is always to have your house sold quick. As a Local Cash Buyer, We Buy Houses As Is All Cash and Close very quickly. In many instances, we can close within 7-10 days.
For more information, please visit our main website at WeBuyHousesBronx4Cash.com
The sales were much lower than the market expectations (5.52 million) . And the existing home sales in July were down 1.6% from a year earlier.
It suggests that the US housing market has hit the top and now may be heading south.
In this kind of environment, it is getting harder to sell your house in a short time frame. In New York City, the average time frame to sell the house is like 10-12 months and it looks like getting longer now.
Having said that, there is always to have your house sold quick. As a Local Cash Buyer, We Buy Houses As Is All Cash and Close very quickly. In many instances, we can close within 7-10 days.
For more information, please visit our main website at WeBuyHousesBronx4Cash.com
Sunday, July 10, 2016
New Home Sales Fell Sharply in May, suggesting Still Volatile Market Ahead
New-home sales declined 6% in May to a seasonally adjusted rate of 551,000 from a downwardly revised 586,000 in April, the Commerce Department said late last month.
Northeast (including NY) sales slumped 33% from April to May while the West suffered a 15.6% decline.
Considering the data, the US housing market is still volatile and still not out of the woods yet. No wonder it is hard to sell your house in Brooklyn and the Bronx quickly.
Having said that, there is always a way to have your house sold fast. As a local cash buyer, We Buy Houses "As Is" All Cash and Close within 7-10 days.
For more information, please visit our main website at SellMyHouseBronx.com
Northeast (including NY) sales slumped 33% from April to May while the West suffered a 15.6% decline.
Considering the data, the US housing market is still volatile and still not out of the woods yet. No wonder it is hard to sell your house in Brooklyn and the Bronx quickly.
Having said that, there is always a way to have your house sold fast. As a local cash buyer, We Buy Houses "As Is" All Cash and Close within 7-10 days.
For more information, please visit our main website at SellMyHouseBronx.com
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