Sales of existing homes unexpectedly fell in January

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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January existing home sales fall by 5.3 percent – The San. – 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 to help.

West leads in home price growth, but maybe not for long There is today a growing appreciation that house price inflation is not a. heavily on the economy and further increases to mortgage borrowing will potentially lead to. high house prices and mortgage borrowing therefore present a long-term liability.. The lack of growth and economic malaise now prevalent in western.

Sales of existing single-family homes fell 1.9 percent in central Indiana in April. an 8.3 percent decline in January and a 6.6 percent drop in December. On a year-to-date basis, closed sales are.

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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.

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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.

"A significant breakout in existing home sales is unlikely this year." Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.

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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.

U.S. Existing Home Sales Unexpectedly Fall in April | Newsmax.com – 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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