Sales of existing homes unexpectedly fell in January

Sales of Existing U.S. Homes Unexpectedly Fell in January – Sales of Existing U.S. Homes Unexpectedly Fell in January. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with.

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NAR said existing home sales tumbled by 3.2 percent to an annual rate of 5.38 million in January, while economists had expected existing home sales to rise to a rate of 5.60 million.

NEW YORK ( — Sales of existing homes unexpectedly fell in January, according to an industry report published Friday, highlighting concerns that the housing market is weaker than.

Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market. Purchases dropped 2.6 percent to a 4.

The estimate of new houses for sale at the end of January was 301,000, representing 6.1 months of supply at the current sales rate. Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January.

The National Association of Realtors’ index of signed purchase agreements rose 0.7 percent after dropping 4.2 percent in January. disparity between sales of existing and new homes may continue..

Home prices in 20 U.S. cities cool with smallest gain since 2012 Of 20 major U.S. cities in the. 0.7 percent in February, the smallest among the nation’s 12 largest cities and less than half the national rate of job growth, 1.6 percent. Nationally, prices have.

U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

 · Sales of new single-family homes fell a steep 6.9 percent to an annual rate of 607,000 units, the slowest pace since October, below what economists had been expecting. The result in the data, which had been delayed due to the five-week december-january government shutdown, put the first month of the year 4.1 percent below January of 2018.

New home sales decreased significantly in January, falling from 2017’s decade-high pace, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban.

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Existing-home sales in the South dropped 1.0% to an annual rate of 2.08 million in January, down 8.4% from last year. The median price in the South was $214,800, up 2.5% from a year ago. Existing-home sales in the West declined 2.9% to an annual rate of 1 million in January, 13.8% below a year ago.

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