NAR: Monthly existing home sales fall 0.4% in April

Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90 percent of U.S. home sales, dropped 4.4% from a year ago.

What this chart does is back out the percentage of sales classified as "distressed" in the NAR’s monthly report on existing home sales, which results in. of distressed sales tumbled from 45 percent.

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Posts about Existing Home Sales written by Logan Mohtashami.. 17 month negative pending Home Sales Streak Ended, But?. Today the NAR reported that existing home sales up 2.5% from April to a seasonally adjusted annual rate [.]. Today the NAR reported that existing home sales were down 0.4% from March to.

Pending home sales climbed 0.4% month-over-month in April. fall. "Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising.

Southern existing-home sales fell 0.4% to an annual rate of 2.27 million in April. This is down 1.7% from last year. The median price in the South rose to $236,800, increasing 4.4% from April 2018. Lastly, existing home sales in the West grew 1.8% to an annual rate of 1.11 million in April, which is a 5.9% below April 2018.

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April 2019 Headline Existing Home Sales Declined And Remains In Contraction Year-over-Year. NAR reported: Sales down 0.4 % month-over-month, down 4.4 % year-over-year. Caveats on Use of NAR.

Sales of existing homes fell for a second straight month in April, but the market should rev up soon, the National Association of Realtors (NAR) said on Tuesday. Home sales dipped 0.4% from March to a seasonally adjusted annual rate of 5.19 million .

Chicago National Activity index ticked up 0.01 points to -0.02 in June from -0.03 in May (revised from -0.05) and versus.

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The median price in the Northeast was $277,700, up 0.9% from April 2018. In the Midwest, existing-home sales saw relatively no percentage change from the month prior, as the annual rate remained 1.17 million, which is 7.9% below April 2018 levels. The median price in the Midwest was $210,500, an increase of 5.5% from a year ago.

Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4%.