Existing home sales decline 4.3% in November

After a minor decline in June, existing home sales, On a year-over-year basis, sales in the Northeast and West declined 4.3% and 0.8%, while sales in the Midwest and South grew 0.8% and 2.7%. Falling mortgage rates should expand affordability and attract more buyers.

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July existing-home sales in the Northeast decreased 2.9% to an annual rate of 660,000, a 4.3% decline from a year ago. The median price in the Northeast was $305,800, down 1.0% from July 2018. In the Midwest, existing-home sales edged up 1.6% to an annual rate of 1.27 million, which is a 0.8% increase from July 2018.

"Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.4 percent from November to a seasonally adjusted rate of 4.99.

U.S. existing home sales fall 4.3% in November to 4.90 million units – Nasdaq.com Investing.com – U.S. existing home sales fell more-than-expected in November, fuelling concerns over the U.S..

FDIC OKs Delay of FAS 166, 167 Effect on Capital The House has passed legislation requiring the Federal Reserve Board, in consultation with the SEC, to conduct a study and report to Congress on the impact on individual classes of asset-backed securities of FASB’s new securitization accounting standards, FAS 166 and 167, and the Act’s new credit risk retention requirements.

Existing home sales, which make up about 90 percent of U.S. home sales, decreased 2.2% from a year ago. That was the 16th straight year-on-year decline in home sales.

When excluding distressed home sales, prices year-over-year fell only 0.6%, compared to 1.6% in October. Distressed sales include all short sales and REO deals. Home prices decline 4.3% in.

Implications: After three straight months of gains, existing home sales ended 2017 on a soft note. Sales of previously-owned homes fell 3.6% in December to a 5.57 million annual rate, but are still up 1.1% from a year ago. Despite the weak headline number, sales posted their best year since 2006, showing the upward trend is still intact.

WASHINGTON-Sales of previously owned homes slipped in November to the lowest level in almost a year, the latest evidence of higher mortgage rates holding back potential buyers. existing-home sales decreased 4.3% from the prior month to a seasonally adjusted annual rate of 4.9 million, the National Association of Realtors said Thursday.

This morning’s existing home sales report showed a 4.3 percent drop in November. Quicken Loans vice president Bill Banfield offers the following comments on the report: "This month’s existing sales report marks the third month of declines.

But its also what we find when we track the total valuation of existing home sales by region. or for South Dakota from November 2018 through January 2019. Noting those recent month omissions, which.