There were big hopes for home sales in April, with interest rates continuing at unexpectedly low levels, unemployment at a 50-year low, and the spring market supposedly in full swing. Analysts polled.
A report on Tuesday showed existing home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses. The overall housing market hit a soft patch year.
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.
· Existing home sales unexpectedly fell in April on low housing supplies and higher prices after reaching an 18-month high the previous month. Sales fell 3.3% to a.
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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 Realtors said existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.
· News US New Home Sales Fall More than Expected Sales of new single-family houses in the United States dropped 6.9 percent from the previous month to a seasonally adjusted annual rate of 673 thousand in April 2019, from a revised 11-1/2-year high in March, while markets had forecast a 2.8 percent fall to 675 thousand.
The existing-home sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes. U.S. Pending Home Sales Fall Unexpectedly in April. More..
Contracts to buy previously owned homes unexpectedly fell in April, the National Association of Realtors said on Thursday. The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.
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