Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4 per cent from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10 per cent drop from a.
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Sales rose in the Northeast and Midwest. They fell in the West, which has seen a sharp rise in prices, and the South, where most of the homes are sold. Existing home sales, which make up about 90 percent of U.S. home sales, dropped 2.2 percent from a year ago in June. They have declined on a year-over-year basis for four consecutive months and.
Home resales in the South tumbled 5.7 percent last month. Harvey, and a second hurricane, Irma, which slammed Florida early this month could hurt September home resales. Texas and Florida account for more than 18 percent of existing home sales. Sales lost because of delays in closing contracts will be recouped in 2018, the Realtors group said.
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WASHINGTON (Reuters) – U.S. existing home sales would fall 3.8 percent to a rate of 5.30 million units last month. Existing home sales, which make up about 90 percent of U.S. home sales, declined 5.
Existing-home sales fall for third straight month. Resales of U.S. homes and condominiums fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million, the lowest level in eight.
Sales of previously owned U.S. homes eased in September to the weakest. The drag from higher mortgage rates is “likely to weigh on the existing home sales data in upcoming reports over the next.
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A balanced market, not favoring buyers or sellers, is typically four to six months. Existing homes stayed on the market an.
8 days ago · Existing homes stayed on the market an average 19 days, compared with 63 days for costlier new homes. Sales fell for the second straight month compared with the same months in 2018.
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The months’ worth of supply went up to 4.3 from 4.2 in April. Year-on-year, existing home sales dropped 1.1 percent. Existing Home Sales in the United States averaged 3958.46 Thousand from 1968 until 2019, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.
U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market.