Existing-home sales decline for fifth time in six months

 · A month in review: The May housing market.. Here’s a recap of pending home sales, existing home sales, price indices and studies from NAR, S&P Dow Jones, Zillow and Trulia.. May’s pending.

(Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. Contract closings fell 0.4% from the prior month to a 5.

 · At April’s sales pace, it would take 4.2 months to exhaust the current inventory, up from 3.8 months in March. A six-to-seven-month supply is viewed as a healthy balance between supply and demand.

Application volume rises even with little movement in rates The average contract interest rate for jumbo 30-year FRM, loans with balances greater than the performing rate, was 4.25 percent, also the highest since March, rising from 4.16 percent. Points.

By Reade Pickert May 21, 2019 (Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

On a year-over-year measurement, sales were up 0.6 percent. First-time. month that inventory fell year-over-year for 16 straight months. “Inventory has been extremely tight all year and is unlikely.

United states existing home sales 1968-2018 | Data | Chart | Calendar. It compares with market expectations of a 0.6 percent rise to 5.4 million. It is the fourth straight fall and the lowest rate since February of 2016. The median house price fell to $269,600 from $273,800 in June and the months’ worth of supply was flat at 4.3.

 · Existing home sales fell across all four regions in December. The Northeast saw a 6.8 percent drop. The Midwest was down 11.2 percent. The South dripped by 5.4 percent and existing home sales in the West dipped by 1.9 percent. The months’ supply of existing homes on the market fell to a tight 3.7 months’ worth in December.

WASHINGTON, Nov. 21, 2018 /PRNewswire/ — existing-home sales increased in October after six straight months of decreases, according to the National. Existing-Home Sales Increase for the First.

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Existing-Home Sales Increase for Second Consecutive Month Existing-home sales declined slightly. tax credit there is literally no time to waste,” she said. “Most buyers spend several months looking at a dozen homes before they make a contract offer, but.

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October existing-home sales increased last month, after six straight months of decreases, the National Association of REALTORS reported Wednesday. Three of four major regions saw gains in sales.

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