Existing-home sales were 5.22 million at a seasonally adjusted annual rate in October, the National Association of Realtors (NAR) said on Wednesday. This was up 1.4% from the September mark.
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WASHINGTON – Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. Total existing-home sales, completed transactions that include single-family [.]
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Last week, separate reports from NAR and the commerce department showed a sharp pullback in existing home sales but a substantial rebound in new home sales. Your Personalized Market Center.
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Sales of existing homes were up strongly from June in the West, among the weakest regions in prior months, but were down in every other region – especially in the Northeast. The median (seasonally adjusted) price of existing homes sold in July was $257,200, up 4.5 percent from a year ago and 0.8 percent from June, the first monthly gain after.
"A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound." The median existing-home price2 for all housing types in.
Nationwide, existing-home sales as a whole are down 2.2% from a year ago ( 5.39 million. As expected, june 2019 sets the new all-time high mark at $146,745.. rising income, and higher consumer confidence is driving the sales rebound.
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U.S. existing home sales unexpectedly rebound in September. the first year-over-year decline since July 2016.. Texas and Florida make up more than 18 percent of the nation’s existing home.
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Sales of existing homes increase to a 11-month high, given declining mortgage rates and a higher inventory level. Existing Home Sales Rebound in February, Hit 11-Month High Home
The decline indicates that the residential real estate industry will need more than a drop in mortgage rates to rebound, as a lack of affordable. have contributed to a drop in the Midwest. Existing.