Existing-home sales continue to slip

Existing-home sales eased in December. Likely job creation and household formation will continue to fuel that growth. Both sales and prices will again be higher in 2013.” According to Freddie Mac,

1 day ago. U.S home sales fell more than expected in June as a persistent. Economists polled by Reuters had forecast existing home sales slipping 0.2% to a rate. Supply has continued to lag, especially in the lower-price segment of.

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Still, economists said they expect the level of existing home sales to continue to decline, particularly in light of the Federal Reserve’s decision Tuesday to raise short-term interest rates for.

We expect May existing home sales to grow from April unrevised figure. We estimate new home sales will slip 0.9% from April to 667,181 units. and mortgage applications for home purchases continue to climb steadily,

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Existing-home sales in the West rose 5.1 percent to a pace of 1.23 million in December and are 8.8 percent higher than a year ago. The median price in the West was $239,900, which is 17.3 percent above December 2011.

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The national median existing-home price for all housing types was $214,200 in June, up 13.5 percent from June 2012. This marks 16 consecutive months of year-over-year price increases, which last.

Boosted by lower mortgage rates, existing home sales, released by the National. Though new home sales improved in March and April, builders continued to. Pending home sales bounced back in March, after a minor slip in February.

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The median time on market for all homes was 37 days in June, down from 41 days in May, and is 47 percent faster than the 70 days on market in June 2012. Short sales were on the market for a median of.

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We expect May existing home sales to grow from April. We estimate new home sales will slip 0.9% from April to 667,181 units (SAAR) – which would be up 2.6% from May 2018.. and mortgage.

Existing-home sales continued to slip in March from inventory constraints, which continue to push home prices up, according to data from the National Association of Realtors.