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
Thursday, May 29, 2014
Pending Home Sales in April Missed Expectations!!!
Warmer weather did NOT cause a meaningful surge in home sales, according to the National Association of Realtors (NAR).
Pending Home Sales, or signed contracts to buy existing homes increased just 0.4 percent in April, missing the market expectations of a 2 percent gain.
In addition, the sales are now 9.2 percent LOWER than April of 2013.
After the long very cold winter, April should have seen the benefit of pent-up demand. However it was not as good as expected. Signed contracts in April are a forward-looking indicator for closed sales in May and June. Therefore, quite a few economists worry about the near-term housing trend.
In this situation, it is still hard to sell your house quickly.
However, there is always a way to have your house sold fast. As local Cash Homebuyer, We Buy Houses "As Is" All Cash and Close within 10 Days.
For more info, please visit our main website at Sell My House Brooklyn NY
Pending Home Sales, or signed contracts to buy existing homes increased just 0.4 percent in April, missing the market expectations of a 2 percent gain.
In addition, the sales are now 9.2 percent LOWER than April of 2013.
After the long very cold winter, April should have seen the benefit of pent-up demand. However it was not as good as expected. Signed contracts in April are a forward-looking indicator for closed sales in May and June. Therefore, quite a few economists worry about the near-term housing trend.
In this situation, it is still hard to sell your house quickly.
However, there is always a way to have your house sold fast. As local Cash Homebuyer, We Buy Houses "As Is" All Cash and Close within 10 Days.
For more info, please visit our main website at Sell My House Brooklyn NY
Thursday, May 22, 2014
Existing Home Sales in April came in Below Market's Expectations
Existing home sales were seasonally adjusted rate of 4.65 million, the National Association of Realtors said Thursday. It is a little below the market consensus of 4.66 million.
And the pace is almost 7% below April 2013.
"Current price data suggests a trend of slower growth," said Lawrence Yun, chief economists of the National Association of Realtors.
In this market, it is still NOT easy to sell your house quickly.
However, There is always a way to have your house sold fast for CASH. As a local Brooklyn Cash Home Buyer, We Buy Houses "As Is" and Close Very Quickly. In many instances, within 7-10 days.
For more info, please visit our main website: Sell-My-House-Brooklyn-NY.com
And the pace is almost 7% below April 2013.
"Current price data suggests a trend of slower growth," said Lawrence Yun, chief economists of the National Association of Realtors.
In this market, it is still NOT easy to sell your house quickly.
However, There is always a way to have your house sold fast for CASH. As a local Brooklyn Cash Home Buyer, We Buy Houses "As Is" and Close Very Quickly. In many instances, within 7-10 days.
For more info, please visit our main website: Sell-My-House-Brooklyn-NY.com
Tuesday, April 29, 2014
Pending Home Sales Declined from One Year Ago
Pending Home Sales, a gauge of upcoming home sales, ticked higher in March after eight straight months of declines said The National Association of Realtors Monday.
However, the pending home sales were down 7.9% compared with March 2013. The year-over-year decline indicates that would-be buyers are still struggling with prices and mortgage rates that are higher than a year earlier.
Considering the above, economists claim that the housing market is still in weak conditions.
In this kind of environment, it is hard to sell your house.
However, there is always a way to Sell Your House Quickly for CASH. As a local CASH Home buyer in Brooklyn NY, We Buy Houses "As Is" All CASH and Close Fast.
For more info, please visit our main website.
However, the pending home sales were down 7.9% compared with March 2013. The year-over-year decline indicates that would-be buyers are still struggling with prices and mortgage rates that are higher than a year earlier.
Considering the above, economists claim that the housing market is still in weak conditions.
In this kind of environment, it is hard to sell your house.
However, there is always a way to Sell Your House Quickly for CASH. As a local CASH Home buyer in Brooklyn NY, We Buy Houses "As Is" All CASH and Close Fast.
For more info, please visit our main website.
Wednesday, April 23, 2014
New & Existing Home Sales are Very Weak, A Bad Sign for the Market
Sales of New Single-Family Homes Dropped Sharply in March, falling 14.5% to their weakest level since mid-2013, the Census Bureau said Today.
The annual sales rate was 384,000, down from February's revised pace of 449,000. That is far less than 450,000 estimated by economists.
Although the housing market typically improves this time of year, the spring buying season has shown NO strength so far this year.
In addition, The National Association of Realtors reported Tuesday that Existing Home Sales in March fell 0.2% to an annual rate of 4.59 million. That was the third straight monthly decline and the lowest since July 2012.
In this tough housing market, especially in the Bronx and Brooklyn NY, it's hard to sell your house.
However there is always a way to have it sold Quickly. As local Cash Home Buyer, We Buy Houses As Is All CASH. Please visit our main website SellMyHouseBronxCash.com for more details.
The annual sales rate was 384,000, down from February's revised pace of 449,000. That is far less than 450,000 estimated by economists.
Although the housing market typically improves this time of year, the spring buying season has shown NO strength so far this year.
In addition, The National Association of Realtors reported Tuesday that Existing Home Sales in March fell 0.2% to an annual rate of 4.59 million. That was the third straight monthly decline and the lowest since July 2012.
In this tough housing market, especially in the Bronx and Brooklyn NY, it's hard to sell your house.
However there is always a way to have it sold Quickly. As local Cash Home Buyer, We Buy Houses As Is All CASH. Please visit our main website SellMyHouseBronxCash.com for more details.
Thursday, April 10, 2014
How Can I Sell My Brooklyn Home for Cash Fast? We Buy Houses As Is CASH & Close Quickly
"How Can I Sell My House Fast in this tough housing market?" You may be wondering.
The Truth is that it is totally possible.
As a local Brooklyn Cash Homebuyer, We Buy Houses "As Is" All CASH and Close Quickly. In many instances, within 7 days or even less.
Why wait 8-10 months listing with a real estate agent and pay a 6% commission?
With us, You Can Get All Cash NOW
Behind on your mortgage payments? Facing Divorce, Jobloss, Relocation, Double payment or Sudden illness, Probate, Estate sale? Your house has been on the market for 120 days & still NOT Selling? Tired of Bad Tenants or Property maintenance? Whatever the reason, we will work with you.
Even handyman specials (houses that need a lot of work) or houses with NO Equity ("under-water" or "short sales")are No Problem for us.
For more details, please visit our main website: SellMyHouseFastBrooklyn.com
Or Call Us at 718-280-1422.
Let us help you, so that you can start afresh with All the CASH in hand!
The Truth is that it is totally possible.
As a local Brooklyn Cash Homebuyer, We Buy Houses "As Is" All CASH and Close Quickly. In many instances, within 7 days or even less.
Why wait 8-10 months listing with a real estate agent and pay a 6% commission?
With us, You Can Get All Cash NOW
Behind on your mortgage payments? Facing Divorce, Jobloss, Relocation, Double payment or Sudden illness, Probate, Estate sale? Your house has been on the market for 120 days & still NOT Selling? Tired of Bad Tenants or Property maintenance? Whatever the reason, we will work with you.
Even handyman specials (houses that need a lot of work) or houses with NO Equity ("under-water" or "short sales")are No Problem for us.
For more details, please visit our main website: SellMyHouseFastBrooklyn.com
Or Call Us at 718-280-1422.
Let us help you, so that you can start afresh with All the CASH in hand!
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