Existing home sales fall, but up 11% from last year

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U.S. home sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and sidelining some potential first-time buyers.

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Existing home sales, which make up about 90. signs of stabilizing last month. There were 1.92 million homes on the market in July, unchanged from a year earlier. It was the first month in three.

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Canadian home sales expected to fall 11% this year . submitted 12 months ago by feb914 Ontario.. and goes up 50%!! in one year. And then the next year it drops 50%.. The only people potentially screwed are those who bought in the last ~year, which is not a significant total portion of the.

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Analysts had expected existing home sales to rise, but only slightly, after two months of losses. The panel polled by Econoday forecasted those sales would fall. a year earlier. The median existing.

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Sales of existing homes in the metro Milwaukee area are down 11% for the year after a big drop in October, and analysts say there is no prospect of a fast turnaround.

Those figures would represent a 4.1% increase from May and an 11.2% rise from last year at the same time. Auction.com’s data also predicts that sales prices for existing homes will fall between.

Last month, existing home sales fell in the Northeast and South. They were unchanged in the Midwest and rose in the West. There were 1.83 million previously owned homes on the market in April, up from.

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Home sales fall 20 percent – biggest drop in 8 years – in southern california median home prices flatten out in the face of the biggest sales drop in eight years.

. had forecast existing home sales would fall 3.8 percent to a rate of 5.30 million units last month. Existing home sales, which make up about 90 percent of U.S. home sales, declined 5.4 percent.

Distressed sales, foreclosures and short sales accounted for 3% of all April sales, unchanged compared with the prior month and down from 4% in April last. up 4.4% from a year ago. Existing-home.