Weak News on Home Sales Helps Send Shares Down

Weak News on Home Sales Helps Send Shares Down
The National Association of Realtors said on Friday that home sales dropped 5.1 percent last month to an annual rate of 4.62 million units, the lowest level since July 2012. The group said unseasonably cold weather was partly to blame, but it also …
Read more on New York Times

FNC index: US home prices show fastest growth since 2012
OXFORD — The latest FNC Residential Price Index (RPI) shows U.S. home prices continue to rise. As of December, the RPI indicates the fastest year-over-year growth since the recovery began in early 2012. The index, constructed to gauge price movement …
Read more on Mississippi Business Journal (blog)

US mortgage agency Freddy Mac earns .6B in quarter
The 2013 earnings rose sharply from $ 11 billion in 2012. However, Freddie said Thursday that its recent strong level of earnings "is not sustainable over the long term" because the rise in home prices has begun to slow and the use of its tax benefits …
Read more on CBC.ca

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