U.S. existing home sales fall for second straight month

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U.S. home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth. Existing Home Sales Fall for Second Straight.

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WASHINGTON (Reuters) – U.S. sales gaining 0.9 percent to a rate of 5.57 million units last month. The NAR report followed data on Wednesday showing a 9.4 percent drop in sales of new single-family.

Sales rose in the Northeast and Midwest. They fell in the West, which has seen a sharp rise in prices, and the South, where most of the homes are sold. Existing home sales, which make up about 90 percent of U.S. home sales, dropped 2.2 percent from a year ago in June. They have declined on a year-over-year basis for four consecutive months and.

A home is offered for sale in South Barrington, Illinois. The numbers: Existing-home sales ran at a seasonally adjusted annual 5.19 million rate in April, the National Association of Realtors said.

WASHINGTON: U.S. home sales fell for a fourth straight month in July as a shortage of properties on the market pushed up house prices, likely sidelining some potential buyers. The National Association.

U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter. The unexpected drop in sales reported by the National

U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers. The.

U.S. existing home sales fall for sixth straight month.. U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the.

Existing-home sales fall for third straight month. ‘Second surge’ needed or U.S. could be vulnerable to double dip: economist. Inventories thus represented an 8.2-month supply at the current.

U.S. existing home sales fall for sixth straight month.. Home sales have now fallen for six straight months. A dearth of properties for sale has pushed up prices, sidelining many would-be.