Sales of existing homes unexpectedly fell in January

Sales of new, single-family homes decreased to a seasonally adjusted annual rate of 593,000 in January. This is down 7.8% from December’s rate of 643,000 and down 1% from January 2017’s estimate of.

U.S. Existing Home Sales Hit Bottom at 3-Year Low – NAR.. Sales of previously-owned U.S. homes fell unexpectedly in January, to the lowest level in more than three years, but the National.

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The estimate of new houses for sale at the end of January was 301,000, representing 6.1 months of supply at the current sales rate. Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January.

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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.

Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.

Existing Home Sales Unexpectedly Drop In February Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS. On an annual basis, 4.88 million homes were sold in February — the first time annualized home resales dropped below 5,000,000 since November 2010.

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.