There are now more homes under contract than at any time since February 2006, says the NAR.
But orders for non-defense capital goods (excluding aircraft) fell 0.8%, said the Commerce Department.
Revenue fell 8.3% to $5.39 billion, primarily driven by a 6.1% decline in comparable store sales during the first quarter.
“Sluggish activity to begin the second quarter seems to have continued the relatively soft Q1," said ELFA's chief executive.
Saying Deutsche Bank's restructuring plan faces substantial headwinds, Moody's downgraded the bank's unsecured debt and long-term deposit ratings.
'Connecticut has less flexibility to meet unanticipated revenue shortfalls,' said Standard & Poor's.
The DOJ opens an investigation while the marketplace lender hunts for additional capital to fund originations.
The Chapter 11 petition listed total liabilities of $9.97 billion against assets of $1.56 billion.
How will online lenders fare in an adverse credit environment? More transparency on loans and securitization markets is needed, says Treasury.
The banks pledged to work together with SWIFT to solve the crime and recover the $81 million that is still missing.