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发帖数: 29846 | 1 Pending Home Sales Slip in June
Housing Recovery Remains Choppy Despite Retreat in Interest Rates
By Josh Mitchell
July 28, 2014 10:05 a.m. ET
WASHINGTON—The number of contracts signed to buy previously-owned homes
slipped in June, a sign the housing recovery remains choppy despite a
retreat in interest rates.
An index of pending home sales, reflecting purchases under contract but not
yet closed, fell 1.1% to a reading of 102.7 in June from May, ending three
months of gains, the National Association of Realtors said Monday. The above
-100 reading indicates market activity was still "average," if not robust,
the trade group said.
Economists surveyed by The Wall Street Journal had forecast a 0.5% rise in
June sales.
Compared with a year ago, pending-home sales were down 7.3% last month. That
suggests many Americans remain unwilling or unable to enter the market
despite historically low borrowing costs and a pickup in job creation.
Lenders are still imposing strict lending standards, and home prices have
risen sharply over the past two years. Meanwhile, Americans' incomes are
growing tepidly.
Lawrence Yun, NAR's chief economist, said sales conditions have improved
since the winter as price gains have eased and more homes have come on the
market. "However, supply shortages still exist in parts of the country,
wages are flat, and tight credit conditions are deterring a higher number of
potential buyers from fully taking advantage of lower interest rates," Mr.
Yun said in a statement.
Pending home sales offers a particularly fresh look at the market because it
measures contract signings, which occur weeks or even months before sales
become final.
Other recent reports have sent mixed signals on the direction of the housing
market.
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The NAR's closely watched measure of existing-home sales—which measure
sales after contracts close—climbed last month to the highest level since
October, the trade group said last week. Those sales, which reflect roughly
90% of the market, have risen for three straight months but remain below the
year-ago level.
But sales of newly built homes fell 8.1% in June from the prior month, the
Commerce Department said last week.
The housing market had been a catalyst for the broader U.S. economy starting
in 2012 but cooled last year after mortgage rates started to rise. Rates
this year have fallen, and the market has shown some progress in recent
months. But it has yet to regain its earlier momentum, despite the onset of
the spring selling season.
Monday's report showed pending sales in June fell 2.9% in the Northeast
region, rose 1.1% in the Midwest, fell 2.4% in the South and were mostly
flat in the West.
Interest rates could influence the direction of the market. The average rate
on a 30-year mortgage has hovered slightly above 4% since the spring and
stood at 4.13% this week, according to Freddie Mac. FMCC +1.93% That
is down from roughly 4.5% at the start of 2014.
But rates are expected to rise as the economy improves and the Federal
Reserve withdraws its support for the economy. The Fed has signaled it will
end a bond buying program in October and likely raise short-term interest
rates some time in 2015. The Fed has kept rates near zero throughout the
recovery to stimulate spending, hiring and investment. | T*********I
发帖数: 10729 | | m*********a
发帖数: 3299 | 3 我知道你贴这种负面贴，符合你的政治倾向
但是人不能为了意识形态，连事实都不看了。
事实是美国公司的利润，历史新高，今年比去年又多赚了11%，
这是为啥，SP500，DOW历史新高，
没有啥意识形态，也不是炒作，就是美国的公司的盈利暴涨
同时，美国的就业不是很好
但是你要知道，美国现在的就业总人数也是历史新高。
对于，有点经济常识的人来说，你这5年来贴的都是垃圾，笑话，知道吧？
The advances come during an earnings season in which Standard & Poor’s 500
Index profits have increased 11 percent so far, the most since 2011. The U.S
. equity benchmark has gained 6.6 percent in 2014, extending last year’s 30
percent rally, the biggest since 1997. | m********8
发帖数: 7463 | 4 本版地富反坏右跟反对者的水平都狠差
都是渣渣渣扎喳
【在 m*********a 的大作中提到】
: 我知道你贴这种负面贴，符合你的政治倾向
: 但是人不能为了意识形态，连事实都不看了。
: 事实是美国公司的利润，历史新高，今年比去年又多赚了11%，
: 这是为啥，SP500，DOW历史新高，
: 没有啥意识形态，也不是炒作，就是美国的公司的盈利暴涨
: 同时，美国的就业不是很好
: 但是你要知道，美国现在的就业总人数也是历史新高。
: 对于，有点经济常识的人来说，你这5年来贴的都是垃圾，笑话，知道吧？
: The advances come during an earnings season in which Standard & Poor’s 500
: Index profits have increased 11 percent so far, the most since 2011. The U.S
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