Existing-home sales fall to three-year low, miss estimates

From Jill Mislinski: This morning’s release of the January Existing-Home Sales decreased from the previous month to a seasonally adjusted annual rate of 5.38 million units. The Investing.com.

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U.S. Home Resales Fall to Three-Year Low, Missing Estimates While home price growth is cooling, it’s been outpacing gains in worker pay for several years.

Existing home sale prices rose 4.8% in May, and that’s about 89% of the market. While the HPI is a long way from the 6% growth we saw in late 2018, we might get a bounce back toward 3% or more when we get the May figures. One month doesn’t change a trend, but it will make those trying to sell homes feel better. New Home Sales Fall 7.8%.

Sentiment levels have held in the low 60s for the past three months. Full-year real GDP growth is estimated to come in at 2.2 percent in 2019, Existing-home sales experienced a minor drop for the third consecutive month in January, to Federal Mortgage Disclosure Requirements was a “missed opportunity” to clear.

March data included a big increase to nearly an expansion high in new home sales, while existing home sales declined. unless they fall below 4.25%. mortgage rates rose back above 4.2%, (1/2 of the.

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The Empire State manufacturing index fell to 19 points in September from a 25.6. Initial jobless claims is a rough estimate of layoffs, fell by 3,000 to 201,000 in the week. Existing home sales were 1.5% lower than they were a year ago.. The flat reading missed economists' forecasts of a 5.37 million rate.

Existing-Home Sales Fall to 3-Year Low. falling short of estimates and indicating the housing market remained in a slowdown as the year ended.. Don’t miss crucial news and insights you.

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