Move My Realty - Real Estate News

National Market Update

July 1st, 2019 2:36 PM by Ron Mastrodonato

The Pending Home Sales index of contracts signed on existing homes rose 1.1% in May. This suggests closed Existing Home Sales, which rebounded nicely in May, should continue their upward move in June.
But New Home Sales took a 7.8% dip in May, to a 626,000 annual rate, 3.7% down from a year ago. However, total new home sales from January to May this year are UP 3.7% over the same period in 2018.
Last week, the President signed a bill lifting the cap on no-down-payment VA loans for service members and veterans, and created a White House Council charged with "eliminating regulatory barriers to affordable housing."

Posted by Ron Mastrodonato on July 1st, 2019 2:36 PM

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