Sales of existing homes unexpectedly fell in January

Sales of previously owned U.S. homes unexpectedly fell in January to a four-month low. “There’s no letup in home prices.” January’s drop in existing home sales seems to be a payback for the.

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Median sales price increased 5.8% y/y to $240,500 Inventory of available properties fell 9.5% y/y to 1.52m, lowest for January since records began in 1999. Sales growth is limited by an acute shortage of inventory, which is pushing up home prices faster than wage growth.

Sales of single-family homes (8,301) fell for the first time since the second quarter of.. "We particularly welcome the fact that buyers of an existing home will be entitled to a. Montral's Residential Real Estate Market Off to a Flying Start in January.. “There was an unexpected 7 per cent increase in the median price of .

New home sales decreased significantly in January, falling from 2017’s decade-high pace, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban.

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.

In January 2008, there were 3.54 million homes for sale. Existing home sales unexpectedly rose in December as rock-bottom prices attracted some buyers in certain distressed markets.

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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.

The National Association of Realtors reported on Wednesday that sales of existing homes fell 5.3 percent in January, which translates to an annual pace of 4.49 million, the most sluggish such pace.

Existing-home sales in the South dropped 1.0% to an annual rate of 2.08 million in January, down 8.4% from last year. The median price in the South was $214,800, up 2.5% from a year ago. Existing-home sales in the West declined 2.9% to an annual rate of 1 million in January, 13.8% below a year ago.

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