Recent data from the National Association of Realtors showed that existing-home sales in the U.S. increased 1.7 percent in August to a seasonally adjusted annual rate of 5.48 million. The pace set in August was an increase of 13.2 percent year-over-year and the highest since February 2007. "This is partly due to the rise in interest rates, which again hurries some of the people into making the decision," said Lawrence Yun, chief economist for the National Association of Realtors. Here is how some some companies reacted to the news Wednesday:
Nationstar Mortgage Holdings Inc. (NYSE: NSM) shares traded in the range of $56.71 to $57.95 Thursday before settling to close at $57.35, an increase of 0.37 percent. The stock appears to be facing some resistance at $58.52, with some support at the $55.57 and $53.23 levels. Shares of Nationstar Mortgage have gained approximately 85.0 percent in 2013.
More information on Nationstar Mortgage and access to the free equity report can be found at:
Trulia Inc. (NYSE: TRLA) shares traded in the range of $50.76 to $52.71 Thursday before settling to close at $51.68, an increase of 2.17 percent. The stock appears to have some support at the $49.57, $46.16 and $44.04 levels. Shares of Trulia have gained approximately 220.0 percent in 2013.
More information on Trulia and access to the free equity report can be found at: www.WallStreetFundamentals.com/TRLA
Walter Investment Management Corp. (NYSE: WAC) shares traded in the range of $40.89 to $41.72 Thursday before settling to close at $41.67, an increase of 1.56 percent. The stock appears to be facing some resistance at $44.47, with some support at the $40.57 and $39.51 levels. Shares of Walter Investment Management have fallen approximately 3.0 percent in 2013.
More information on Walter Investment and access to the free equity report can be found at:
Zillow Inc. (NASDAQ: Z) shares traded in the range of $96.84 to $102.80 Thursday before settling to close at $98.27, a decrease of 1.20 percent. The stock appears to be facing some resistance at the $100.34 and $109.39 levels with some support at $96.36. Shares of Zillow have gained approximately 250.0 percent in 2013.
More information on Zillow and access to the free equity report can be found at:
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