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 [.] The post Existing-Home Sales Slip, but Inventory Stirs appeared first on RISMedia.
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Existing-Home Sales Slip, but inventory stirs “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining,” Yun says.
US existing home sales continue slide in April afp.com. 5/21/2019.. "Existing home sales ought to return to their late 2017 cycle peak during the summer, if the rising trend in mortgage.
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In economic news, British Retail Sales dropped sharply, with a decline of 1.5%. Public Sector Net Borrowing posted a surplus but did fall short of the estimate. In the US, today’s key event is.
Existing-home sales in the single-family space came in at 4.76 million in June, a 0.6 percent decrease from the 4.79 million in May, and a 2.3 percent decrease from the 4.87 million the prior year. Existing-condo and -co-op sales came in at 620,000, no different from May, but a.
Existing home sales continue to trend mostly flat, as limited inventory and rising prices hold back buyers. The number of homes for sale also continues to be lower than a year ago.
In April, existing home sales fell slightly from the previous. “The strong job market and lower rates should continue to support the potential for more home sales this year.”.
Existing-home sales. that this will continue heading into the summer,” said NAR President John Smaby, a second-generation Realtor from Edina, Minnesota and broker at Edina Realty. First-time buyers.
· Not only does the volume of existing home sales continue to decline, but the decline is also getting larger which is a bearish sign for the real estate market as well as the broader economy.
The pace of existing home sales in the United States continued its downward trajectory to start the year, according to the National Association of Realtors. However, the organization remained.
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.
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