Sales of existing homes unexpectedly fell in January

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.

U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

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US New Home Sales Fall Unexpectedly to 5-Month Low Sales of new single-family houses in the United States dropped 7.8 percent from the previous month to a seasonally adjusted annual rate of 626 thousand in May 2019, while markets had forecast a 1.9 percent increase to 680 thousand.

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WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market. FILE PHOTO: A home for sale is seen in Santa Monica, California, U.S. on March 21, 2017.

Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January. NAR said existing home sales tumbled by 3.

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.

Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January. NAR said existing home sales tumbled by 3.