NAR existing home sales increase 2.1% in October

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 · July’s total inflation rate was 2.9%. By the end of this year, it should be just 2.5%. July’s 12-month rate includes last fall’s surging gasoline prices. By this December, 2017’s jump will get excluded from the yearly growth rate, bringing the headline number down.

From the NAR: Existing-Home Sales Grow 2.0 Percent in OctoberExisting-home sales increased in October to their strongest speed since earlier this summer season, however consistent supply scarcities resulted in less closings on a yearly basis for the second straight month, according to the National Association of Realtors .

Sales of existing homes. in October as foreclosure moratoriums and a lack of credit disrupted the U.S. housing market. Purchases decreased 2.2 percent to a 4.43 million annual rate from 4.53.

NEW YORK ( — Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued monday. The National Association of.

Overall this is a reasonable level for existing home sales, and the recent weakness is no surprise given the increase in mortgage rates. 2) Inventory is still low, but was up 2.8% year-over-year (YoY) in October. This was the third consecutive year-over-year increase in inventory, and the largest YoY increase since late 2014.

Existing home. (NAR) report released today. The news comes after a 2.1% rise in October, providing further evidence of an overall housing market improvement. Compared to November 2011, these newest.

Single-family home sales climbed 2.1% to a seasonally adjusted annual rate of 4.87 million in October from 4.77 million in September, but are still 1.0% under the 4.92 million pace a year ago.

U.S. home resales rose more than expected in March to the highest level in more than a decade, The National Association of Realtors (NAR) announced on Friday. Existing home sales climbed 4.4 percent for the month, while economists were expecting a smaller increase of 2.5 percent, according to Thomson Reuters consensus estimates.

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Existing home sales in the West increased 2.8% to an annual rate of 1.11 million in October, which is a whopping 11.2% below October 2017. The median price in the West was $382,900 increasing 1.9%.

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One positive comparison in Monday’s NAR report: November’s sales pace topped year-ago levels by 2.1%, the second straight. the highest level since October 2012. First-time buyers represented 29% of.

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