Sales of existing homes unexpectedly fell in January

The NAR reported last week that existing-home sales increased by 5.1 percent in February to a seasonally adjusted annual rate of 4.72 million units, up from 4.49 million in January. First-time home buyers made up about half of all buyers last month, according to NAR chief accountant Lawrence Yun.

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WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market. FILE PHOTO: A home for sale is seen in Santa Monica, California, U.S. on March 21, 2017.

Sales of previously owned U.S. homes unexpectedly fell in January to a four-month low, indicating a shortage of available properties is increasingly hindering the real-estate industry, a National.

CANADA: Retail sales unexpectedly fell by 0.5% in December, with 9 of the 11 major subsectors registering declines, including a 0.9% drop for automobiles. Excluding autos, sales retreated 0.3% as.

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Highlights of January Existing-Home Sales Contract closings fell 3.2% month over month to 5.38 million annual rate (estimated 5.6 million) from 5.56 million; below all estimates in Bloomberg.

WASHINGTON, Feb 21 (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.

 · WASHINGTON (MarketWatch) — Boosted by warm weather earlier in the winter, sales of existing homes unexpectedly rose 3.9% in February, reaching a.

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WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices.

Expected slowdown in remodeling is good news for mortgage business Expected slowdown in remodeling is good news for mortgage business remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business.

 · Home resales unexpectedly fell in December as fewer people put their properties on the market, although not by enough to derail the boost housing will likely provide to the economy this year.

Existing-home sales are tabulated when a deal closes, usually a month or two later. Those re-sales, which make up about 90 percent of the market, unexpectedly. climbed from January 2015 as the.

US New Home Sales Unexpectedly Fall. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier. The stock of new houses for sale went up 2 percent to 309 thousand, the most since March of 2009. This represents a supply of 5.9 months at the current sales rate.