– Home resales in the U.S. probably rose in April
Posted by: in Home Mortgage Online, tags: 6 Million, Affordability, April, Bargain Hunters, Bloomberg News, Economists, Excerpt, Foreclosure Auctions, Home Resales, Pace, Random, Rose, SpeculationRandom Feed wrote an interesting post today on
Here’s a quick excerpt
May 27 (Bloomberg) — Home resales in the U.S. probably rose in April as foreclosure auctions and improved affordability spurred bargain hunters, economists said before a report today. Purchases of existing homes rose 2 percent to a 4.66 million annual pace from 4.57 million a month earlier, according to the median forecast in a Bloomberg News survey. Houses have sold at an average 4.6 million pace since November, raising speculation the market may be stabilizing after declining 38 percent from i
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