Existing-home sales ease more than forecast to 5.2 million

Existing home sales ended 2018 with a resounding thud and followed through by starting 2019 with a flop that would be the envy of the New york knicks. total existing home sales slipped to an annualized sales rate of 4.940 million units in January, shy of the consensus forecast of 5.000 million units and even further below our forecast of a 5.120

Existing home sales in the South were down 3.4% to an annual rate of 2.28 million in March, a 2.1% drop from last year. The median price in the South was $227,400, up 2.4% year-over-year.

United States Existing Home Sales | 2019 | Data | Chart. – Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. . This page provides the latest reported value for – United States Existing Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Existing home sales are forecast to increase 2.5 percent to 5.60 million homes due in-part to inventory increases, compared to 2017’s 0.4 percent increase or 5.47 million homes. Mortgage rates are expected to reach 5.0 percent by the end of 2018 due to stronger economic growth, inflationary pressure, and monetary policy normalization in the.

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Existing home sales decreased in January, seeing the largest annual decline in more than three years, according to the latest release from the National Association of Realtors.

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US existing home sales ease more than expected in May. Existing home sales fell 0.4 per cent month-on-month to 5.43m in May, from a revised 5.45m (previously 5.46m), data from the National Association of Realtors showed on Wednesday. That is the lowest level since January and below the median forecast of 5.52m in a survey of economists by Thomson Reuters.

Sales of town homes, condos, co-ops and single-family houses, rose 1.9 percent to an annual rate of 5.3 million units after seasonal adjustment. Economists had forecast a slight decrease to 5.2 million.

Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 1.0 percent to a seasonally adjusted annual rate 1 of 4.89 million units in April from an upwardly revised pace of 4.94 million in March, and are 17.5 percent below the 5.93 million-unit level in April 2007.

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