Sales of existing homes unexpectedly fell in January

At the current pace, it would take 3.4 months to sell the homes on the market, compared with 3.2 months in December and 3.6 months in January 2017. The Realtors group considers a normal market at six to seven months’ supply. single-family home sales fell 3.8% to an annual rate of 4.76 million, the lowest since July 2016.

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.

 · Pending sales of existing homes decline in U.S.. Contracts to purchase previously owned U.S. homes unexpectedly fell in February for an eighth straight month, a sign of further weakness in the.

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Nationwide, sales of existing homes unexpectedly plunged in January to the lowest level in nearly 12 years as pessimism about the economy grew and buyers waited for President Barack Obama’s plan.

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, 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.

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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.

(RTTNews) – New home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the Commerce Department on Monday. The report said new home sales.

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Total housing inventory increased to 1.59 million existing homes available sale at the end of January, representing 3.9 months of supply at the current sales pace. The report single family home sales tumbled by 1.8 percent to a rate of 4.37 million in January, while existing condominium and co-op sales surged up by 3.6 percent to a rate of 570,000.

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.

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