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NAR existing home sales increase 2.1% in October

Existing-home sales rose 2.1% in October to an annual rate of 4.79 million, the National Association of Realtors said, even as the number of houses for sale shrunk. dow jones, a News Corp company

Existing-home sales edged up 1.4% in October from the previous. rate of 5.22 million, the National Association of Realtors said Wednesday.

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NAR’s Pending. Shiller report showed October home sales prices slowed for the 10th straight month. A separate report earlier this month showed sales of previously-owned dropping by 6.1% in November.

The Census Bureau’s mid-month population estimates show an 18.4% increase in the US population since the turn of the century. The snapshot below is an overlay of the NAR’s annualized estimates with a population-adjusted version. Existing-home sales are 2.1% below the NAR’s January 2000 estimate.

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NAR forecasts a 2.2 percent appreciation in the median existing homes sales price in 2019 (as of February 2019 outlook). Continued increase in home prices ($259,100 median sales price of existing homes in 2018) and higher mortgage rates (4.4 percent as of January 2019) have combined to make a home purchase less affordable.

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Existing home sales declined. According to NAR’s Realtors Confidence Index, 47 percent of respondents in November reported that they are experiencing a longer time to close compared to a year ago,

Pending home sales fell on an annual basis for the 10th consecutive month in October, according to the latest report from the National Association of Realtors. they are probably going to increase.

Despite the monthly gain, existing home sales were still down 5.1 percent, versus October of last year, according to the latest data from the National Association of Realtors. The price increase.

NEW YORK (CNNMoney.com) — existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday. The National Association.

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June 2018 Housing Minute Find out the MARKET activity for May 2018 Single-family home sales climbed 2.1 percent to a seasonally adjusted annual rate of 4.87 million in October from 4.77 million in September, but are still 1.0 percent under the 4.92 million pace a.

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