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Sales of previously owned homes dropped 2% from August to a seasonally adjusted annual rate of 3.96 million. That was 15.4 % lower than year ago levels, but above the 3.89 million units forecast ...
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers.
US pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch.
In a surprise move, pending home sales rose 1.1% in September from August, according to a report released Thursday by the National Association of Realtors. Pending sales were down 11% from a year ago.
The booming housing market halted abruptly in many parts of the United States in the late summer of 2005, and as of summer 2006, several markets faced ballooning inventories, falling prices, and sharply reduced sales volumes. In August 2006, Barron's magazine warned, "a housing crisis approaches", and noted that the median price of new homes ...
The median sales prices of newly sold homes in September was $418,000, down from August’s average of $430,300. The average sales price was $505,900, also below August’s average of $514,000.
Existing home sales fell 2% to a seasonally adjusted 5.88 million units in August from a month earlier, according to the National Association of Realtors (NAR). July sales were revised slightly ...
Existing home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million units, the lowest level since January, from an unrevised 4.16 million units in June, the National ...