Existing-home sales ease more than forecast to 5.2 million

Existing-home sales ease more than forecast to 5.2 million

It will be another month or two before we know the final existing home sales tally for 2018, but the current annualized run rate for sales is 5.38 million. With higher mortgage rates expected at some point in the coming year and prices still firming a bit, we think it will be hard for sales to improve much for the year as a whole.

Sales of town homes, condos, co-ops and single-family houses, rose 1.9 percent to an annual rate of 5.3 million units after seasonal adjustment. Economists had forecast a slight decrease to 5.2 million.

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Home Sales Fall as Prices Hit Record High | Newsmax.com – Existing home sales slipped 0.6 percent to a seasonally adjusted annual rate of 5.38 million units last month, the NAR said. May’s sales pace was revised down to 5.41 million units from the previously reported 5.43 million units. Economists polled by Reuters had forecast existing home sales gaining 0.5 percent in June.

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Pending sales climbed 2.6 percent in the South. Last week, the Realtors’ group said sales of previously owned homes jumped in July to the second-highest level in more than. existing-home sales to.

"To put it in perspective, there were 37 million more people in the U.S. last year compared to 2000, yet existing-home sales that year were higher (5.2 million) than last year (4.9 million)."

Existing-home sales highest in more than six years. existing-home sales rose 1.7% in August to a seasonally adjusted annual rate of 5.48 million, the highest level since February 2007, NAR reported. Economists polled by MarketWatch had expected an August sales rate of 5.2 million, compared with an unrevised rate of 5.39 million in July.

Existing home sales were forecast to rise to a 6.12 million rate, according to the median forecast of 74 economists in a Bloomberg News survey. Estimates ranged from 5.2 million to 6.5 million.

"Homeowners looking to sell this spring appear to be in the driver’s seat, as there are more buyers competing. 9.4 percent higher than in April 2014. Total existing-home sales in 2015 are forecast.

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Housing Bubble 2.0 - Foreclosures Up - Existing Home Sales Down - CA Sales Take A Beating Spain Existing Home Sales | 2019 | Data | Chart | Calendar. – Existing Home Sales in Spain increased to 38.87 Thousand in May from 34.91 Thousand in April of 2018. Existing Home Sales in Spain averaged 22.07 Thousand from 2007 until 2018, reaching an all time high of 50.23 Thousand in January of 2007 and a record low of 11.54 Thousand in October of 2011. Historical. Data. API. Poll. Forecast.

Becton Dickinson hosts its annual shareholder meeting in New York. The National Association of Realtors reports existing-home sales data for December. Economists forecast a 5.2 million seasonally.

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