Existing Home Sales Fall For 2nd Month In A Row In October, Prices Up As Inventory Stays Tight

Existing-Home Sales Fall for Second Straight month. updated sept. 22, 2016 11:32 a.m. ET WASHINGTON-Americans cut home purchases in August, suggesting the housing market is stumbling due to high prices, a shortage of for-sale homes and doubts about the economy’s strength. Sales of previously owned homes fell 0.9% from a month earlier.

December 2013. SUMMIT COUNTY residential transactions comparing november Sold Properties (gray) and Year-to-Date Sold Properties (gold) A small decrease over last November, but overall a.

Total housing inventory at the end of October decreased 3.2% to 1.8 million existing homes available for sale and is now 10.4% lower than a year ago and has fallen year on year for 29 consecutive months. Unsold inventory is at a 3.9 month supply at the current sales pace, which is down from 4.4 months a year ago.

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WASHINGTON (Reuters) – U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time.

In another report, the National Association of Realtors said its pending home sales index, based on contracts signed last month, fell 0.8 percent to its lowest level since October 2011. Housing has.

Home loan borrowing costs improved enough today to say Best. Some lenders are beginning to price loans more aggressively because competition is tight, so scattered sightings of 4.75% BestEx are.

Existing-home sales increased 2% in October from a month earlier to a seasonally adjusted annual rate of 5.48 million, but sales dipped 0.9% from a year earlier, the second consecutive decline on.

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6 Reasons Why Pending Home Sales Fall Through! Existing home sales increased for the first time after seeing three straight months of declines, beating expectations that September would also see a decline in home sales. However, one expert.

Pending Sales Fall, Market Stalls By Stephen Melman on September 27, 2017 (). The Pending Home Sales Index decreased in August for the fifth time in six months, pulling 2017 existing sales below the pace set in 2016.

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Existing-home sales decreased 3.2% in January, and the first-time buyer share slipped to 29% from 32% last month. The National Association of Realtors reported that 43% of homes sold last month were on the market less than a month. The January inventory actually increased 4.1%, but is 9.5% below the