U.S. Existing-Home Sales Enter 14th Straight Month Of Declines – DPL

WASHINGTON, May 21 (Reuters) – U.S. home sales fell for a second straight month. existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about.

U.S. Existing-Home Sales Fell in April–Update:. the 14th straight month of annual declines.. which typically predict closed sales the following month,

Despite the declines in. Read More. U.S. existing-home sales hit strongest. Existing-home sales surged for the third straight month in November and reached.

Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4 per cent from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10 per cent drop from a.

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Decline suggests continued weakness in housing market despite strong economy. U.S. Existing-Home Sales enter 14th straight Month..

Sales of previously owned U.S. homes increased in May, a sign of solid demand during the housing market’s spring selling season despite fast-rising prices and tight inventory. Existing-home sales.

A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers. Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, [.]

A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a.

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Existing home sales posted their 14th straight month of annual declines in April, falling 4.4% since the same month last year. "Compared with previous snapback in mortgage rates, it hasn’t been nearly the impact or the response by buyers or sellers that we would have expected," said Zillow economic analyst Matthew Speakman.

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U.S. trade deficit narrowed more than expected and for the second straight month in April, U.S. existing home sales. ( the abolition of 13th and 14th.