WASHINGTON-Rising home prices are starting to catch up with buyers and may be leading some to put off buying for a little longer. Existing home sales tumbled 4.8% in August to a 5.31 million.
U.S. existing home sales unexpectedly rise in May. The number of homes on the market rose 2.1 percent, but supply was down 8.4 percent from a year ago. Housing inventory has dropped for 24 straight months on a year-on-year basis. The median house price increased to an all-time high of $252,800, a 5.8 percent jump from one year ago, reflecting the dearth of properties on the market.
Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago.
WASHINGTON, June 20 (Reuters) – U.S. home sales unexpectedly. that existing home sales slipped 0.4 percent to a seasonally adjusted annual rate of 5.43 million units last month. It was the second.
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Pending home sales, or signed contracts for homes where transactions have not yet closed, declined 1.3 per cent in April from the previous month, the National Association of Realtors said on Thursday.
Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a.
Home building unexpectedly plunged to its lowest point since April. sales will improve next year. Foreclosures, though, remain sky-high. And many experts predict a new wave starting next spring.
The Nikkei on Tuesday failed to hold above 10,155, a 38.2 percent retracement of the fall from its April high of 11,408.17 to. outnumbered advancing ones by nearly 8 to 1. Sales of U.S. existing.
Home building unexpectedly plunged to its lowest point since April. polled by Thomson Reuters had expected a pace of 600,000. “There has not has not been much improvement in the underlying demand.
U.S. Existing Home Sales Fall in May. Yun pointed out that closings were down in a majority of the country last month and declined on an annual basis in each major region. Regarding prices, the report showed that median existing-home price for all housing types in May was $264,800, up 4.9% from May 2017 ($252,500).
3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. interest rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.