Existing-home sales fall to three-year low, miss estimates

Pace of new-home sales suggests steady housing strength The housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. Single-family home sales increased 0.8% month-to-month to a 610,000 annualized pace (the estimate was 615,000).

If this trend continues, inventory growth will flatten over the next three months and could hit. Only seven years ago, 30 year fixed mortgage rates reached their lowest point at. It's one you won't want to miss," said NAR CEO Bob Goldberg. National Association of REALTORS (NAR) Existing Home Sales Data for April.

US Existing Home Sales Miss Estimates; down fifth time in six months. we are seeing historically low mortgage rates combined with a pent-up demand to buy, so buyers will look to take advantage.

Durable Goods Orders for August fell short of expectations outside of the volatile. existing home Sales for August came in lower than expected for a fifth month in a row.. The yield on the 10-Year U.S. Treasury broke back through the 3% level. U.S. housing starts missed consensus estimates and hit a 9-month low.

Existing Home Sales Miss Estimates The existing home sales report doesn’t matter to GDP, but it is important because most homes sold are in this category. As you can see from the chart below, sales of 5.19 million in April fell slightly from 5.21 million which missed the low end of the expected range which was 5.25 million.

 Stock market moves higher on Huawei news. | The Closing Beat  Sales of previously owned U.S. homes unexpectedly fell in January to a four-month low, indicating a shortage of available. January’s drop in existing home sales seems to be a payback for the.

estimates released jointly today by the U.S. Census Bureau and the Department of. The median sales price of new houses sold in May 2019 was $308,000.. the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. Year to date percent change .

U.S. Home Resales Fall to Three-Year Low, Missing Estimates While home price growth is cooling, it’s been outpacing gains in worker pay for several years.

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The news media immediately focused on what some analysts called disappointing North American sales growth. Sales in the region did climb 7%, but just missed the Street’s estimates. potentially fall.

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U.S. home sales tumbled to their lowest level in three years in. Economists polled by Reuters had forecast existing home sales falling 1.0 percent to a rate. the housing market, with economists estimating that housing would.