Sales of U.S. existing home sales rose more than expected in March, to their highest pace in more than 10 years, according to data from the National Association of Realtors. Sales were up 5.9 percent from a year before, based on seasonally adjusted annualized figures, and up 4.4 percent from February. But more newcomers to the housing market were in search of purchases: first-time homebuyers accounted for 32 percent of sales in March, which is unchanged from February and up by two percent a year ago.
The consensus forecast was for a 2.5% rise from February's initial reading to 5.60 million units. Sales listings have tumbled 6.6 per cent over the past year to 1.83 million, limiting buyer choices and fueling higher prices.
Total housing inventory experienced a boost as well, with a 5.8 percentage point jump to 1.83 million homes for sale - a much-needed jump from the rock bottom levels experienced in the last few months.
NAR chief economist Lawrence Yunsaid "a rising number of households dipped their toes into the market".
It is down 6.6 percent on a year-on-year basis and accounting for just 3.8 months' worth of supply at the current sales pace.
It's possible that more Americans are devoting their incomes to housing as retail sales have struggled in recent months, said Jennifer Lee, a senior economist at BMO Capital Markets.
Police seek nursing student who drove part-time for Uber
Nursing student Krysten Laib was last seen Tuesday morning, a little before 5am - she was working as a part-time driver for Uber. A search remained underway Monday afternoon for the 45-year-old Abington woman. "She texted back, 'ya, OK, ' said Kelly".
Girl killed by shark while family watched her surf
The Esperance shire has closed Wylie Bay beach, with the WA Department of Fisheries planning to spend the day patrolling the area. After the shark severely mauled the teenager's left leg, she was brought to shore where she was reportedly unconscious.
Inventories tumbled (for the 22nd month in a row) and prices rose (for the 61st month in a row) as affordability issues remain ignored (for now).
Home loan costs had been climbing after President Donald Trump won the November election, under the belief that the government would engage in forms of stimulus such as tax cuts and greater deficits that could cause higher levels of inflation.
"A growing pool of all types of buyers is competing for the lackluster amount of existing homes on the market", he said.
Distressed sales were 6% of the total in March, which are down from 8% a year ago. Five percent of March sales were foreclosures, and 1 percent were short sales. That's good news for sellers, who have been reluctant to put homes on the market, leaving limited choices for buyers - especially those seeking starter homes. "Over the a year ago home sales under $100,000 fell 7.1 percent while sales between $500,000 and $750,000 went up by 32.1 percent, due to builders' focus on the higher-end market".
In March, sales rose in the Northeast, Midwest and South but declined in the West.
Wild forward Zach Parise said Tuesday he preferred the old playoff format, in which seeding was based on conference standings. Allen kept the Blues in the game with a pad save on a point-blank attempt by Eric Staal midway through the third.
In-Ryong also cited USA military training drills with South Korean troops as "aggressive war exercises" promoting "real warfare". The vice president reiterated Monday that "all options are on the table" to deal with the threat posed by North Korea.
In the future, they want to use HARPS to continue observing the star and see if there are more planets around it. Compared to Earth, the new planet is big, pushing near the size limit for rocky planets.
RHP Matt Garza (strained right groin) allowed five runs in 5 2/3 innings in a rehab start for Class A Wisconsin on Monday night. All three were expected back in Kansas City on Tuesday when the Royals open a two-game series against the San Francisco Giants.
In the ensuing power play, Nash broke in on Price and recklessly bowled him over, performing his best Chris Kreider imitation. Aside from one shot off the post, the Habs couldn't get anything past Lundqvist and were forced to settle for a loss.
People reported April 3 that Kylie and Tyga are "taking some space" after two years of on-again, off-again dating. Kylie Jenner and Tyga were present at Coachella 2017 but they did not enjoy the festival in each other's company.
He says it would cost $4-billion per year if brought in, and again raising the spectre of B.C. losing its AAA credit rating. A large part of cutting that waste, according to Horgan, is getting rid of what he calls Christy Clark's "LNG Fantasy Fund".
The good news is the injury isn't related to Durant's knee, which forced him to miss 20 games in the regular season. Kevin Durant patted his chest after two big baskets in the fourth quarter and let everybody know "I got this!"
A penalty from Lewandowski, an equaliser from Ronaldo and a shocking own goal from Ramos saw the tie level 3-3 on aggregate. Ronaldo appeared to be in front of the defenders, and just offside, for his first goal in extra time.
Tiger Woods still on hold
Another legendary golfer made some noise south of Branson - Tiger Woods is getting into the golf course building business. The public course, called "Payne's Valley", will honor legacy of Payne Stewart, who was from Springfield.
American Express will report Q1 results
General Motors Company (NYSE:GM) have shown a high EPS growth of 5.60% in the last 5 years and has earnings growth of -69.80% yoy. Citigroup Inc reiterated a "buy" rating on shares of American Express Company in a research note on Friday, January 20th.
French police thwart attack days before election
The news comes as the people of France prepare to cast their votes on Sunday in the first stage of a two-part election. More than 230 people have died in Islamist militant attacks in the country over the past two years.
Gorillaz announce their first North American tour in 7 years
Other collaborators on the album include Pusha T, Mavis Staples, Jehnny Beth of Savages, De La Soul , D.R.A.M., and many more. In addition, Gorillaz will launch an interactive "spirit house" event in Manhattan at Industria from April 21 - 23.
You may have to start tipping your Uber driver
Uber assigns a cost for a booking fee, plus a per-mile cost and a per-minute cost that the driver makes for each ride. Conigliaro said that he thinks passengers will toss some extra money to drivers if they're given the option.