Existing-home sales plummet 15.3% in May

The pace of seasonally adjusted existing-home sales in the U.S. fell 0.8 percent from 4.81 million in May to a 4.77 million pace in June, down 8.8 percent on a year-over-year basis. "Home sales had been trending up without a tax stimulus, but a variety of issues are weighing on the market including an unusual […]

 · With over a 100 days supply of vehicles and plummeting sales expect the fire sale to start soon. The new full size truck can’t get here fast enough. Gm needs fresh blood on the lots or there will be blood on the streets of Detroit. Wait, bad pun as there already is blood flowing on.

 · The data for new house sales in April has not been released yet, but in March they ticked up only 3% from a year ago, and the numbers are small: The seasonally adjusted annual rate of sales of new houses was 692,000 in March, compared to existing home sales of 5.21 million in March. So a 3% uptick in new house sales doesn’t impact the overall.

A note to clients from sterne agee reports on the state of the homebuilder market, which shows housing continues to struggle against falling inventories and subpar sales. Sterne Agee analyst Jay.

The average mortgage rate in April hit its lowest mark in more than a year, but that didn’t stop home-sales from sliding. Existing home sales fell to a seasonally. Overall homeownership started to.

New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit.. New home sales plummet to record low. existing home sales slip 2% in May

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The deliveries of the CR-V still faced a year-on-year sales plummet of 77.4%, with 3,325 units delivered in May. Dongfeng Honda has filed a plan to China’s State Administration for Market Regulation to recall a total of 130,455 CR-Vs equipped with a 1.5-litre turbo engine, according to a governmental notice released on May 16.

A seasonally adjusted 4.81 million existing homes were sold in May, down 3.8% from five million in April, and 15.3% from 5.68 million in May 2010, the National Association of Realtors said. But the group warned that May 2010 sales were inflated because of the pending expiration of a tax credit for home buyers.

Mortgage delinquency rate drops nearly 14%: TransUnion TransUnion’s report found that, overall, 90 days or more past due consumer delinquency rates declined 23 basis points during 2017 to finish at 5.30%. While Gen Z experienced a 39-basis point increase in serious delinquency rates, Millennials saw a 69-basis point drop in delinquencies during 2017.