Existing home sales slip: tight inventory, dip in cash buyers Existing home sales fell for the month as inventory levels remain tight, but this has led to improving home values and dramatically.
Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS (NAR) reports. Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3 percent to 1.95 million, and is 0.5 percent higher than the prior year-the first increase year-over-year since June 2015.
Pending Home Sales Bounce Back 1.1% in May Three of the four major regions saw growth in contract activity, with the West experiencing a slight sales decline. June 27, 2019
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Homes For-Sale Inventory Slips. and there is a lot of room for prices to continue to grow.. Existing Home Sales. More from Builder.
Total existing-home sales include completed transactions of single-family homes, townhomes, condos and co-ops. Total sales are down 4.4% from a year ago and a rate 5.43 million in April 2018. Last month, the NAR reported that existing-home sales fell 4.9% in March to a seasonally adjusted rate of 5.21 million units.
Existing-home sales eased in December but are well above a year ago, while limited inventory maintained the upward momentum in home prices, according to the National Association of Realtors. Total.
The key takeaway from the report is that the drop in mortgage rates has failed to spur a meaningful pickup in existing home sales, which continue to be constrained by the lack of available supply at.
Here’s where housing finance investment is heading Budget 2019 should increase the affordable housing fund with NHB from Rs 30,000 crore to at least Rs. 60,000 crore with the objective of providing refinance to affordable housing finance companies. There is a huge latent demand for housing among those belonging to the lower income groups.
Existing home sales slip again in January Feb. 21, 2019 10:00 AM ET | By: Gaurav Batavia , SA News Editor January Existing Home Sales: -1.2% M/M to 4.94M vs. 5.04M consensus, 4.99M previous.
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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.
Existing-home sales continued to slip in March from inventory constraints, which continue to push home prices up, according to data from the National Association of Realtors.
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In the South, the existing home sales rate fell 1 percent from December and 8.4 percent from January 2018 to 2.08 million. The median home price rose 2.5 percent to $214,800.