Existing-home sales plummet 15.3% in May

"Nobody rings the gong when you’re at the absolute bottom, but we think we’re certainly near." The pace of existing-home sales fell 15.3% in May from a year ago, the latest data from NAR show. The.

Fewer permanent change of stations will decrease the existing home sales. Base closures will impact the housing and job markets as demand decreases and home sales plummet. What you may not know is.

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Housing Bubble 2.0 - Existing Home Sales Tumble - SoCal Builder Bets Busted The pace of seasonally adjusted existing-home sales in the U.S. fell 3.8 percent from a downwardly revised 5.00 million in April to a 4.81 million pace in May, down 15.3 percent on a year-over-year basis. Keep in mind that an expiring home buyer tax credit likely pulled contracts, but not necessarily closings, forward last May.

The number of U.S. existing residential properties sold in May was 5.15 million, unchanged from April and up. RealtyTrac. Here are 10 markets where home sales fell the most. – By Quentin Fottrell. Foreclosures Make Up 24% of Home Sales. that this may be only a temporary rise as the expiration of the. Housing prices rose 3.2% from the previous year.

The National Association of Realtors reported today that existing home sales jumped in September. Well, it depends what’s been driving this sales growth and how foreclosures trend. Neither factor.

Pending home sales rose 0.5% in December to a level of 110.1, the third consecutive month of gains, the National Association of Realtors ® reported Wednesday. The group also said it expects.

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Economics The johnson redbook retail sales index rose 1.2 percent during the first two weeks of May versus April. U.S. existing home sales fell 0.4 percent at an annual rate of 5.19 million for April.

In the latest of a slew of downbeat reports on the US economy, the National Association of Realtors said sales fell to an annual rate of 3.83m, the lowest level since May 1995. where calamitous.

Lawrence Yun, NAR chief economist: “Based on the current uptrend with very favorable affordability conditions, rising apartment rents and ongoing job creation, existing-home sales should. is.