· The median sales prices for existing homes hit $201,700 in April, up 5.2% from a year earlier. Last year, price growth was in the double digits.
Economists surveyed by Bloomberg had projected a 5.3 million sales pace in March. February’s reading was revised to 5.48 million from 5.51 million. Home purchases fell in all four regions, led by a 7.9% drop in the Midwest.
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Investing.com – U.S. existing home sales rose more than expected in November, bolstering optimism over the health of the housing market, according to a report released on Wednesday by the.
The median forecast of 73 economists surveyed by Bloomberg projected sales would decline to a 5.2 million. has said is more typical and means those buyers are coming back only “slowly,” Yun said..
Existing Home Sales in the U.S. grew 4.3 percent in. The cuts ultimately represented the loss of more than two million home sales from an inflated rate.. with consensus for a 5.2 percent.
The median forecast of 72 economists in a Bloomberg survey called for sales of existing homes to rise to a 5.2 million rate. short of the more typical 40 percent. As employment improves, wages pick.
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· NAR said single-family home sales rose by 0.6% to an annual rate of 4.99 million in March, while existing condominium and co-op sales spiked by 5.2% to a rate of 610,000.
Economic and Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS® Presentation at Association Executive Institute
· Sales of existing homes dropped 1.7% in November to a seasonally adjusted annual rate of 6.97 million, the lowest since March, the National Association of Realtors reported Thursday.
US existing home sales ease more than expected in May. Existing home sales fell 0.4 per cent month-on-month to 5.43m in May, from a revised 5.45m (previously 5.46m), data from the National Association of Realtors showed on Wednesday. That is the lowest level since January and below the median forecast of 5.52m in a survey of economists by Thomson Reuters.
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Economists had forecast that sales fell 2.5% at a seasonally adjusted annual rate of 5.55 million, according to Bloomberg. Sales in January were reported at a 10-year high of 5.69 million.
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. The median house.