Existing-home sales decline for fifth time in six months

The prospects for home sales weakened further in August, and the National Association of Realtors® (NAR) has downgraded its sales forecast for the remainder of 2017. In what must be the gloomiest report in some time, NAR announced its Pending Home Sales Index (PHSI) slipped on a monthly basis for the fifth time in six months; the last increase.

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Existing home sales in the Northeast grew 1.5% to an annual rate of 690,000 in September, which is a 6.8% above a year ago. The median price in the Northeast increased 3% from October 2017 and.

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 · Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into.

United States Existing Home Sales 1968-2018 | Data | Chart | Calendar. It compares with market expectations of a 0.6 percent rise to 5.4 million. It is the fourth straight fall and the lowest rate since February of 2016. The median house price fell to $269,600 from $273,800 in June and the months’ worth of supply was flat at 4.3.

Sales of previously owned U.S. homes unexpectedly cooled in April – the fifth drop in six months – signaling a rocky start for the housing market this quarter amid a still-tight supply of.

October Existing Home Sales Rise for First Time in 6 Months.. Gains in the Northeast, South and West – a reversal from last month’s steep decline or plateau in all regions – helped.

(Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. Contract closings fell 0.4% from the prior month to a 5.

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The numbers: Existing-home sales ran at a seasonally. At the current pace of sales, it would take 3.9 months to exhaust available supply, still well below the long-time average of 6 months..

 · US existing home sales jump in October for first time in six months House buying activity in the States picked-up last month following a build-up in inventories of unsold homes.

The May decrease followed a 2.5% decline in April sales and leaves existing-home. month over month at 31%. For all of 2017, first-time buyers accounted for 34% of sales, down one percentage point.