Tag Archives: existing home sales

Existing-Home Sales Fell 0.4 Percent in May

Existing-home sales decreased 0.4 percent to a seasonally adjusted annual rate of 5.45 million in May, according to the National Association of Realtors (NAR). This followed a 2.5 percent decline in April. Sales are 3.0 percent below the May 2017 level. “Closings were down in a majority of the country last month and declined on an annual basis in each ...

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Existing-Home Sales Fell 2.5% in April

Existing-home sales decreased 2.5% to a seasonally adjusted annual rate of 5.46 million in April, according to the National Association of Realtors (NAR). This followed two consecutive monthly increases. Sales are still 1.2% below the April 2017 level. “The root cause of the underperforming sales activity in much of the country so far this year continues to be the utter ...

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Existing-Home Sales Rose 1.1% in March

Existing-home sales increased 1.1% to a seasonally adjusted annual rate of 5.60 million in March, according to the National Association of Realtors (NAR). This was the second consecutive monthly increase as activity expanded in the Northeast and Midwest. However, sales are still 1.2% below the March 2017 level. “Robust gains last month in the Northeast and Midwest – a reversal ...

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Existing-Home Sales Tumble in January

Existing-home sales decreased 3.2% to a seasonally adjusted annual rate of 5.38 million in January, according to the National Association of Realtors (NAR). January was the second consecutive monthly decline. Sales finished the year 4.8% below January 2017. This was the largest annual decline since August 2014. “The utter lack of sufficient housing supply and its influence on higher home ...

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Existing-Home Sales Drop as Supply Continues to Fall

Existing-home sales decreased 3.6% to a seasonally adjusted annual rate of 5.57 million in December, according to the National Association of Realtors (NAR). December was the first monthly decline since August. November’s pace was the strongest since December 2006. Sales finished the year 1.1% above 2016. “Existing sales concluded the year on a softer note, but they were guided higher these ...

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Existing-Home Sales Surge to 11-Year High

Existing-home sales increased 5.6% to a seasonally adjusted annual rate of 5.81 million in November, according to the National Association of Realtors (NAR). November was the third consecutive monthly increase and strongest pace since December 2006. Sales were 3.8% above last November. “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for ...

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Existing-Home Sales Rebound 0.7% in September

Existing-home sales increased 0.7% to a seasonally adjusted annual rate of 5.39 million in September, according to the National Association of Realtors (NAR). Sales were 1.5% above last September after declining in each of the three preceding months. “Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer ...

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Existing-Home Sales Drop 1.7% in August

Existing-home sales decreased 1.7% to a seasonally adjusted annual rate of 5.35 million in August, according to the National Association of Realtors (NAR). Sales were 0.2% above last August and the lowest since then. “Steady employment gains, slowly rising incomes and lower mortgage rates generated sustained buyer interest all summer long, but unfortunately, not more home sales,” said Lawrence Yun, ...

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Existing-Home Sales Declined in July

Existing-home sales decreased 1.3% to a seasonally adjusted annual rate of 5.44 million in July, according to the National Association of Realtors (NAR). Sales are 2.1% above a year ago, but are at the lowest level of 2017. “Buyer interest in most of the country has held up strongly this summer and homes are selling fast, but the negative effect ...

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Existing-Home Sales Declined 1.8% in June

Existing-home sales decreased 1.8% to a seasonally adjusted annual rate of 5.52 million in June, according to the National Association of Realtors (NAR). Despite the decline, sales are 0.7% above a year ago.“Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price ...

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