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Existing-home sales decline for fifth time in six months

People on the move: Aug. 31 People on the Move – August 31, 2012 | The Colorado Springs. – Jim Kolar has joined the staff of Furnace World of Colorado Springs in the operations department. He has more than 30 years experience as a sole

Existing Home Sales - Economic Insights U.S. Existing-Home Sales Post Fifth Decline in Six Months. – By Reade Pickert May 21, 2019 (Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

"Last month’s. even steeper decline. On a regional basis, existing-home sales in the Northeast dipped 2.7 percent to an annual rate of 730,000, and are now 2.7 percent below a year ago. The median.

Manhattan home resales drop as tax overhaul sidelines buyers Sales of existing homes unexpectedly fell in January "A significant breakout in existing home sales is unlikely this year." Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.The federal tax overhaul appears to be affecting New York real estate already. Namely, New Yorkers aren’t buying-the past three months marked Manhattan’s lowest sales quarter total in more than six years as well as the largest annual decline in nine years according to the newly released market reports for the first quarter of 2018.

At April’s sales pace, it would take 4.2 months to exhaust the current inventory, up from 3.8 months in March. A six-to-seven-month supply is viewed as a healthy balance between supply and demand.

But some states give taxpayers a hard time when they are trying to change.. Compared to a year ago, the serious delinquency rate decreased by 67 basis. total existing-home sales, including single family homes and condos,. the FBI, Fifth Third Bank, Cognizant, Fannie Mae, Freddie Mac and more.

U.S. Existing-Home Sales Post Fifth Decline in Six Months More (Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

US existing home sales jump in October for first time in six months House buying activity in the States picked-up last month following a build-up in inventories of unsold homes.

NYC Council approves Midtown rezoning, paving way for new towers nyc council approves midtown Rezoning, Paving Way for New Towers. NYC Council Approves Midtown Rezoning, Paving Way for New Towers.. (Bloomberg) — The New York City Council voted to rezone about 78 blocks of east midtown Manhattan, enabling an aging building stock to be replaced by newer.

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decline in contract signings in August, and will likely continue to do so in the months ahead. Furthermore, the temporary pause in activity in Florida this month in the wake of Hurricane Irma will slow overall sales even more in the South. Yun now forecasts existing-home sales.

People on the move: April 19

Having slipped 0.7 percent in May and 0.6 percent in June, the pace of existing-home sales across the U.S. dropped another 0.7 percent in July to a seasonally adjusted annual rate of 5.34 million sales which is 1.5 percent lower versus the same time last year and the fifth recorded year-over-year decline in as many months.

Figure 1: Indiana existing home sales and months supply of inventory, 12-month moving average Source: Indiana Association of Realtors With such an imbalance between supply and demand, it’s no surprise that prices are climbing.

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