New home sales fall 0.3% in October

New-Home Sales Fell 8.9% in October Allen J. Schaben/Los Angeles Times WASHINGTON-Sales of new homes in the U.S. fell in October. Purchases of newly built single-family homes-a relatively narrow slice of all U.S. home sales-fell 8.9% to a seasonally adjusted annual rate of 544,000 in October, the Commerce Department said Wednesday.

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 · After a strong February, resale home sales plunged 4.8% while prices actually rose again 3.8% to a median of 259,400. Experts had called for a 5.3% increase in sales. The drop in home sales was despite lower mortgage rates, wage gains and slower.

 · WASHINGTON (AP) – U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy. The National Association of Realtors said Friday that sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of [.]

Real Estate Agent Marketing: How To Work New Construction  w/Danielle Seifert After rebounding in May, new home sales plummeted 5.3% in June but were up 2.4% compared with June 2017, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. The approximately 631,000 new home sales in June was down from about 666,000 in May but up from about 616,000 in June 2017.

Sales of new homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices kept buyers out of the market. Single-family home sales fell 8.9 percent from.

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Food prices in October were. have sent retail sales tumbling to their first year-on-year fall since 2013. Food prices, which were 3.5% higher than a year earlier, helped push the volume of goods.

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led to significant bankruptcies in the financial sector and a recession which shrunk GDP by 0.3% in 2008 and 3.1% in 2009. The effects on real estate prices was swift and significant, as for the first.

 · New U.S. single-family home sales fell unexpectedly in October and prices dropped to a seven-year low, a government report showed on Wednesday, pointing sustained weakness in the housing market.

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The sale dwarfs the previous record-holder in New. of the real estate appraisal firm Miller Samuel. “It’s been on my list for four years,” said Mr. Miller, who said the unit, first listed for $250.

July’s new-home sales figure was originally reported at an annualized rate of 298,000. Despite coming in just slightly worse than expected, August’s new-home sales rate was 6.1% higher than year.