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Existing Home Sales Plunge on TRID Issues: Realtors

2015-12-23 14:14:17| Real Estate - Topix.net

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings. Existing home sales fell 10.5% in November from a month earlier, to a seasonally adjusted annual rate of 4.76 million homes, the National Association of Realtors said Tuesday.

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Sales of Existing Homes Slump on Delayed Contract Closings

2015-12-22 18:26:55| Real Estate - Topix.net

Sales of previously owned homes slumped in November to the lowest level since April of last year as a change in industry rules lengthened the amount of time it took buyers to close on a deal. Closings on existing homes, which usually take place a month or two after a contract is signed, declined 10.5% to a 4.76 million annual rate after a revised 5.32 million pace in October , the National Association of Realtors said Tuesday.

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US existing home sales tank in November

2015-12-22 17:27:13| Real Estate - Topix.net

Washington a Home sales plunged sharply in November, as buyers faced rising prices and new regulations that might have delayed some closings. The National Association of Realtors said Tuesday that sales of existing homes collapsed 10.5 percent to a seasonally adjusted annual rate of 4.76 million.

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US existing home sales tank in November

2015-12-22 17:27:12| Real Estate - Topix.net

" Home sales plunged sharply in November, as rising prices are creating affordability pressures and new regulations have delayed finalizing purchases. The National Association of Realtors says sales of existing homes collapsed 10.5 percent to a seasonally adjusted annual rate of 4.76 million.

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U.S. existing home sales plunge; new rules seen as drag

2015-12-22 17:27:11| Real Estate - Topix.net

Homes are seen for sale in the northwest area of Portland, Oregon, in this file photo taken March 20, 2014. U.S. home resales posted their sharpest drop in five years in November, a potential warning sign for the health of the U.S. economy although new regulations on paperwork for home purchases may have driven the decline.

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