Pending Home Sales Trail Off 1.5% in April

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CoreLogic: 28.3 percent of mortgaged homes in Miami underwater CoreLogic, Irvine, Calif., said 268,000 homeowners regained equity in the first quarter, bringing the total mortgaged residential properties with to 46.7 million, or 92 percent of all mortgaged properties. nationwide, CoreLogic said home equity increased year over year by $762 billion in the first quarter.

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. to post a comment on this article: login – or – register

April pending home sales down 1.5% vs expected 0.9% gain 10:34 AM ET Thu, 30 May 2019 CNBC’s Diana Olick reports on weaker-than-expected pending home sales for the month of April.

Core PCE rose 1.0%, below the initial estimate of 1.3% ahead of tomorrow’s inflation report for April. US Pending Home Sales (Apr) fell -1.5% vs. +0.5% expected. The Canadian dollar shrugged off.

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The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases.

Risk-off is the theme for markets. US Q1 GDP was revised a little lower to 3.1% from the first estimate at 3.2% while pending home sales fell 1.5% in April, weaker than expected. Attention will now.

U.S. Pending Home Sales Trail Off 1.5 Percent in April Pending home sales declined in April, a modest change from the growth seen a month before, according to the National Association of Realtors.

Stronger-than-expected: In addition to the June index of consumer sentiment, pending home sales rebounded in May, up 1.1%, vs. consensus of +0.6% and partly reversing the 1.5% decline in April.