U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.
The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.3 percent in May on a seasonally adjusted basis, its first fall since January 2012. Since economists forecast a gain of 0.2 percent, it was a negative surprise.
The U.S. housing market has been struggling for much of 2014, a lull blamed early in the year on harsh winter weather, but softness has persisted into the spring and summer, and many economists now expect housing to drag on economic growth this year.
In this tough market, it is hard to sell your house quickly.
However, there is always a way to have your house sold for Cash Fast. As a local Cash investor, We Buy Houses "As Is" All Cash & Close Quickly.
Please contact us if you are interested in selling your house in the Bronx & Brooklyn. For more info, please visit our main website.
Tuesday, July 29, 2014
Sunday, July 13, 2014
Wells Fargo's Earnings Show US Housing Market is Still NOT Out of the Woods
Wells Fargo, the country’s No. 1 producer of refinancing and home-purchase loans, reported the second quarter earnings Friday.
It says that it originated $47 billion in residential mortgages in the Q2 quarter,a steep drop (58%)from the $112 billion in home loans made a year earlier.
This means the US Housing Market recovery is in still a precarious situation. We will have to watch this number again for the third quarter, to see how the market is doing.
In this environment, it is still hard to sell your house fast.
However, there is always to have your house sold quickly. As local cash buyer, We Buy Houses "As Is" All Cash & Close Quickly. To get more info, please visit our main website at http://www.sellmyhousebronx.com
It says that it originated $47 billion in residential mortgages in the Q2 quarter,a steep drop (58%)from the $112 billion in home loans made a year earlier.
This means the US Housing Market recovery is in still a precarious situation. We will have to watch this number again for the third quarter, to see how the market is doing.
In this environment, it is still hard to sell your house fast.
However, there is always to have your house sold quickly. As local cash buyer, We Buy Houses "As Is" All Cash & Close Quickly. To get more info, please visit our main website at http://www.sellmyhousebronx.com
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