Sales of existing homes unexpectedly fell in January

Contracts to purchase previously owned U.S. homes unexpectedly fell in November, confirming earlier figures. The pullback underscores concern raised by the slump in sales of existing homes last.

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U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market. U.S. Existing Home Sales Fall for Second Straight Month |

Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales tumbled by 1.2 percent to an annual rate.. Business One News Page: Thursday, 21 February 2019

Homebuilder Confidence in U.S. Fell in June to Nine-Month Low – The National Association of home builders/wells fargo sentiment index unexpectedly. Sales of existing homes, which make up more than 90 percent of the market, fell 4 percent to a 4.85 million.

Economists polled by Reuters had forecast existing home sales rising 0.8 percent to a rate of 5.60 million units in January. Sales fell in all four regions last month.

The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 million in.

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 · Sales of Previously Owned Homes Fell, but Not Unexpectedly, in January, According to Greater San Diego Association of REALTORS(R)

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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 Association of Realtors report showed Wednesday.

More housing numbers: Existing home sales fall – Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 5.3 percent to a seasonally adjusted annual rate of 4.49 million units in January from a level of 4.74.

Homes typically sold in 42 days, down from 50 days a year earlier 43 percent of homes sold in January were on market for less than a month. Existing home sales account for 90% of the market and are calculated when a contract closes.

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Sales of previously owned USA 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 Association of Realtors report showed on Wednesday, Feb. 21.