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Existing-home sales continue to slip

02/23: Stocks slip on Greece and housing data, USD faces mix Total existing-home sales, and Salt Lake City, Utah, both at 32 days. “Market conditions continue to be stressful and challenging for both.

Existing-home sales continue to slip. April 22, 2013. Megan Hopkins. Existing-home sales continued to slip in March from inventory constraints, which continue to push home prices up, according to.

Total existing-home sales, completed transactions including single-family homes, townhomes, condominiums and co-ops, dipped 1.2 percent to a seasonally adjusted annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, but are 15.2 percent higher than the 4.41 million-unit level in June 2012.

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.

Sales are down 4.4 percent from a year ago and 8.0 percent from the recent peak of 5.64 million in November 2017. Though economic reports continue to be somewhat. for just under 90 percent of total.

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Home sales continue to slip, setting the stage for a spring rebound Sales of new single-family homes slipped for the second consecutive month, the Census Bureau reported this morning, falling to a 590,000 unit annualized pace in January.

According to estimates from the National Association of Realtors (NAR), total existing-home sales in March came in at a seasonally adjusted annual rate of 4.59 million, a 0.2 percent slip from.

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The National Association of Realtors is reporting that existing-home sales fell 3.4% in September and down 4.1% from one year ago. According to data, there were 5.15 million completed transactions in September with a median price (for all housing types) of $258,100. In addition there were 1.88 million existing homes for sale at the endRead More

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Existing-home sales in the Midwest were unchanged in June at a pace of 1.21 million, and are 17.5 percent higher than a year ago. The median price in the Midwest was $170,100, up 8.9 percent from June 2012. In the South, existing-home sales slipped 1.5 percent to an annual level of 2.03 million in June but are 16.0 percent above June 2012.

We expect May existing home sales. Home prices continue to rise, albeit at a slower pace, and inventory remains tight at the lower end of the market. Lower mortgage rates can only do so much to.

Despite the slip. this will continue heading into the summer. Homes over the last month sold quickly, which is not only a win-win for buyers and sellers, but it’s also great for the real estate.