· What a Holiday Downer: Existing-Home Sales Plunge in November. Analysts are struggling to explain the 10.5% drop in existing-home sales from October, according to the National Association of Realtors.
New York (AFP) – Sales of existing US homes fell sharply in November, a decline likely due in part to delays from new mortgage disclosure rules, the National Association of Realtors said Tuesday.
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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.
November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted,
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· Investing.com – U.S. existing home sales fell sharply in November to hit the lowest level in 19 months, dampening optimism over the health of the housing market, industry data showed on.
Very Helpful – Royal United Mortgage LLC A recent report by the National Association of Realtors revealed that homeowners under 36 years-old make up the majority of buyers in the United States at 34%. shifting trends in the housing market.
(The median price for an existing home was $220,300 in November, up 6.3% from the same month last year, while housing inventories at the end of november fell 3.3% from October to 2.04 million.
November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted, annualized rate (SAAR)" metric. The point here is that the plunge in sales can’t be blamed on seasonality or the weather.
"A correction was due." Pantheon Macroeconomics Existing home sales plunged in November.. According to the NAR, the pace of sales fell by 6.1%, to an annualized rate of 4.93 million units.
Home sales plunged in December, raising fresh concerns over the housing market’s ability to recover when government support winds down. Sales of previously owned homes fell 16.7% from November to.
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US existing home sales rise, boosted by lower interest rates. in July from more than a seven-year peak of 4.94% in November, according to.
· U.S. existing home sales plunge; new rules seen as drag.. Also potentially weighing on home sales, the median price for a U.S. existing home rose to $220,300 in November.