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Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (425) 984-6017 or email@example.com.
Although sales of new homes fell this past September,
the annualized rate of sales has generally risen consistently. The annual rate of sales topped the 500,000
mark in six of the ;rst nine months of 2015, according
to the National Association of Home Builders.
Amy Crews Cutts
Chief economist, Equifax
“For banks to be in a position to
make money, they de;nitely
need to be growing their lending
portfolios, but it just isn’t
happening right now.”
President, National Community Reinvestment Coalition
“It is easy to try to kill [the GSEs]
while you have your foot on their
neck in conservatorship, but it is
not so easy to kill them once they
U.S. completed foreclosures
drop after a spike
After sloping downward since fall 2014,
foreclosures jumped sharply — by 63 percent
— between this past July and August, then
reversed again, posting steep declines in
September and October 2015. Improving
economic conditions and more foreclosure
completions have pushed the rate lower,
Y TD Sept.
U.S. New-Home Sales
Source: National Association of Home Builders