- April existing home sales increased 1.3% to an annualized rate of 4,650 thousand units, according to the National Association of Realtors. The median sales price of existing houses sold was $201.7 thousand, 5.2% above April 2013.
- April new home sales increased 6.4% to an annualized rate of 433 thousand units. The median sales price of new houses sold was 1.3% below April 2013.
- The results of Freddie Mac’s Primary Mortgage Market Survey of May 22nd showed average fixed mortgage rates moving lower for the fourth consecutive week.
- Mortgage applications increased 0.9% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 16th.
- The advance figure for initial claims for unemployment insurance increased 28 thousand to 326 thousand in the week ending May 17.
- The Conference Board index of leading economic indicators increased 0.4% in April, while the coincident index increased 0.1%.
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