Charleston-area home sales tick up 3% in May after falling the previous 2 months

"For the better part here of five trading days we’ve been up. after falling in three of the previous four months. Wholesale prices rose 2.2% from last year. Excluding the volatile food and energy.

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Despite this decline, consumer buying power ticked up 3.3% between May and June, increasing 12.2% on an annual basis. This means home prices are actually 41.3% below their 2006 peak.

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This marks the third month of deficits after three consecutive months of surpluses. The smaller trade gap in April was due mainly to the weaker rise in imports (+0.6% vs. 2.1% previous). Exports in April, meanwhile, actually increase at a weaker pace compared to March (+1.8% vs. +3.2% previous).

Toronto Real Estate Prices Rise Nearly 3%. The price of a typical home fell month-over-month, but is still higher than last year. TREB reported the price of a typical home hit $763,600 in November, up 2.73% compared to the same month last year. The City of Toronto benchmark hit $844,600, up 6.72% from last year.

The National Association of Realtors pending home sales index rose 3.4% to 97.4 from an upwardly revised 94.2 in February, but is 7.9% below March 2013 when it was 105.7. Lawrence Yun, NAR chief.

2 Myths Holding Back Home Buyers – Welcome to 2 Myths Holding Back Home Buyers In’s recent article, "home buyers’ top mortgage fears: Which One Scares You?" they mention that "46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try."

Annual rent growth across the 150 largest apartment markets landed at 3.2% in February, up from the 2.7% rate seen 12 months earlier. Annual increases have remained above 3% in each of the past seven months after landing below that mark for 13 consecutive months. Across the nation, average apartment rents stood at $1,362.

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The slower annual growth was due to imports increasing by 1.3% after falling 2.0% back in Q4 2017. The 0.9% fall in government spending was also a drag since it rose by 0.4% back in Q4. And the same can be said of the weaker annual growth in private residential investment (+6.1% vs. +7.2% in Q4).

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Overall wholesale used vehicle prices in December averaged $10,804, up 0.1% over the previous month and up 1.5% from the same time last year. Average wholesale prices for used vehicles remarketed by manufacturers were down 3.3% month-over-month, but up 8.3% year-over-year, Kontos added.