U.S. existing home sales unexpectedly fall in April

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WASHINGTON (Reuters) – 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 on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10% drop from a year earlier in.

WASHINGTON (Reuters) – 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 on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

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WASHINGTON, May 21 (Reuters) – 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.

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A home is offered for sale in South Barrington, Illinois. The numbers: Existing-home sales ran at a seasonally adjusted annual 5.19 million rate in April, the National Association of Realtors said.

WASHINGTON (dpa-AFX) – Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday..

WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April amid weakness in the lower-priced segment of the market, which is suffering from an acute shortage of properties. FILE PHOTO: A home for sale is seen in Santa Monica, California, U.S., March 21, 2017. REUTERS/Lucy Nicholson The report from the National [.]

WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter.

Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months. First-time buyers made up 32% of sales, down from 33% the prior month. existing-home sales account.

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