November Existing Home Sales Plunge

WASHINGTON — Sales of existing single family homes soared in November, following six consecutive monthly declines, said the National Association of Realtors in its monthly report released Thursday..

NAR said existing home sales plummeted by 6.4 percent to an annual rate of 4.99 million in December after jumping by 2.1 percent to a revised rate of 5.33 million in November. Economists had expected existing home sales to slump by 1.3 percent to a rate of 5.25 million from the 5.32 million originally reported for the previous month.

NEW HOME SALES DOWN BIG Sales of previously owned homes rose 5.6 percent in November from October, but they remained 27.9 percent below 2009 levels, the National Association of Realtors reported Wednesday. Despite the.

 · An "Under Contract" sign is displayed in front of home for sale in Raymond, N.H., in June 2018. U.S. home sales increased in November, but sales fell 7.

NAR said existing home sales plummeted by 6.4 percent to an annual rate of 4.99 million in December after jumping by 2.1 percent to a revised rate of 5.33 million in November. Economists had.

NAR said existing home sales plummeted by 6.4 percent to an annual rate of 4.99 million in December after jumping by 2.1 percent to a revised rate of 5.33 million in November. Economists had expected existing home sales to slump by 1.3 percent to a rate of 5.25 million from the 5.32 million originally reported for the previous month.

 · Lots of housing news today. New Home Sales Lowest since 1982 Existing Home Sales Plunge And here is an analysis of existing home turnover (not pretty), and NSA data showing the existing home sales plunge was worse than the headline number. And now some more graphs. Click on graph for larger image in new window.

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WASHINGTON (AP) – U.S. home sales increased in November for the second straight month, but sales plummeted 7 percent from a year ago amid growing affordability pressures. The.

Economists had expected existing home sales to slump by 1.3 percent to a rate of 5.25 million from the 5.32 million originally reported for the previous month. With the much bigger than expected decrease, existing home sales tumbled to their lowest level since November of 2015. The report also said existing home sales in December were down by.

Year-on-year, existing home sales dropped 1.1 percent. Existing Home Sales in the United States averaged 3958.46 Thousand from 1968 until 2019, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970. Existing home sales occurs when the mortgage is closed.

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