NAR's February existing home sales dropped 3.7% from January. Sales were 5.48 million, whereas January had 5.69 million annualized sales. Sales are still a soaring 5.4% higher than a year ago. Prices are through the roof and inventories are now absurdly tight.
The Mortgage Monitor for April(pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 595,235 home mortgages, or 1.17% of all mortgages outstanding, remaining in the foreclosure process at the end of April, which was down from 630,766, or 1.25% of all active loans, that were in foreclosure at the end of March, and down from 1.63% of all mortgages that were in foreclosure in April of last year.
The Mortgage Monitor for February(pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 655,311 home mortgages, or 1.30% of all mortgages outstanding, remaining in the foreclosure process at the end of February, which was down from 659,237, which was also 1.30% of all active loans, that were in foreclosure at the end of January, and down from 1.72% of all mortgages that were in foreclosure in February of last year.
NAR's February existing home sales plunged 7.1% from January's six month record high. Sales were 5.08 million, a far cry from January's 5.47 million annualized sales. In February 2007 existing home sales were 5.79 million. Sales are now 2.2% higher than a year ago. Prices are through the roof and inventories are very tight.
The Mortgage Monitor for January (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 659,237 home mortgages, or 1.30% of all mortgages outstanding, remaining in the foreclosure process at the end of January.
Last week the Mortgage Monitor for November(pdf) from Black Knight Financial Services reported that there were 697,944 home mortgages, or 1.38% of all mortgages outstanding, remaining in the foreclosure process at the end of November, which was down from 721,435, or 1.46% of all active loans that were in foreclosure at the end of October, and down from 1.81% of all mortgages that were in foreclosure in November of last year.
The Mortgage Monitor for September(pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 737,254 home mortgages, or 1.46% of all mortgages outstanding, remaining in the foreclosure process at the end of September, which was down from 747,930, or 1.48% of all active loans that were in foreclosure at the end of August, and down from 1.89% of all mortgages that were in foreclosure in September of last year.
The Mortgage Monitor for August(pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 695,548 home mortgages, or 1.37% of all mortgages outstanding, remaining in the foreclosure process at the end of August, which was down from 711,265, or 1.40% of all active loans that were in foreclosure at the end of July
NAR's existing home sales jumped to yet another record high. Sales were up 2.0% to 5.59 million, a high not seen in over eight years. In February 2007 existing home sales were 5.79 million. Sales are 10.3% higher than a year ago. Existing home sales have been above their year previous amounts for ten months in a row now.
NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales. This is an eight and a half year high. In February 2007 existing home sales were 5.79 million. This makes sales 9.6% higher than June of last year. Existing home sales have been above their year previous amounts for six months now.
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