SOURCE: Mortgage News Feed
Existing-home sales are projected to recover after a weak report in November due to the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule, according to the latest Auction.com Residential Real Estate Nowcast report. For the month of December, existing-home sales are estimated to fall between seasonally adjusted annual rates of 4.8 and 5.11 million annual sales, with a targeted number of 4.95 million – up 4.1% from November. According to the National Association of Realtors’ latest report, total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 10.5% to a seasonally adjusted annual rate of 4.76 million in November. Read Full Article Here >>
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