Consumer outlook not to blame for slowing existing-home sales

Reverse mortgage lender Live Well Financial laying off 103 workers  · A recently shuttered local lender claims it was within its rights when it abruptly laid off its entire workforce with no advance notice. Live Well Financial, the once fast-growing, Chesterfield-based reverse mortgage company that in early May ceased operations and cut its staff of more than 100, argues in a lawsuit in federal court that it does not owe back wages to those workers, despite not.

"Although we’re expecting existing-home sales to gradually rise this year, and buyers are responding to the price correction, some unusually warm weather helped boost sales in January," he said. "On the flip side, the winter storms that disrupted so much of the country in February could negatively impact the housing market."

 · While it might seem easy, or even logical, to blame the hurricanes for the slow down in home sales, Ten-X, an online real estate transaction marketplace, explained sales were slowing.

The weak report from the National Association of Realtors (NAR) on Tuesday was the latest indication of slowing economic growth. A survey last friday showed consumer. not had an impact on home.

GSE capital plan won’t work if investors cheated: Stockholder Ackman Says Fannie Capital Plan Won’t Work If investors cheated bill ackman, who owns big stakes in Fannie Mae and Freddie Mac, said a U.S. regulator’s plan to boost capital in the mortgage-finance giants won’t work unless investors get "compensated" for the billions of dollars the government

The falling home sales combined with high gas prices continued to push consumer confidence down. As I expected, this negative data sent the dollar into a tailspin with the currencies shooting back up to challenge last week’s highs. As I mentioned above, existing home sales fell as expected, but the size of the decline was what shocked the.

“While the pace of sales may initially slow, home buyers typically. When the actual level of existing-home sales are significantly above potential home sales, the pace of turnover is not supported.

 · Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to 5.34 million units, the weakest since 2015. The housing market has been stymied by higher mortgage rates as well as land and labor shortages, which have led to tight inventory and more.

 · Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to.

Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to 5.34 million units, the weakest since 2015.

CFPB turns its reg relief focus to HMDA  · The CFPB should revise its asset-size exemption to reflect the regulatory definition of a small credit union. The HMDA asset-size exemption for institutional coverage is.

Slowing Home Sales Growth MCLEAN, Va. (August 27, 2018) – Ongoing supply and demand imbalances and weakening affordability conditions, particularly in markets out West, are expected to keep a lid on home sales growth through the rest of the year, according to Freddie Mac’s (OTCQB: FMCC) August Forecast.