November Existing Home Sales Plunge

According to the data released by NAR, existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units during the month of January. This was the lowest level since.

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Existing-home sales circled third base with another knockout month in what National Association of realtors (nar) chief economist lawrence Yun called the “autumn revival.” In November, NAR’s.

Existing home sales plunged 6.4% in December. The Midwest led the way, down 11.2%. Inventories Rise Sales Slide. Mortgage News Daily reports Rising Inventories Tempering Prices, Existing Home Sales Resume Slide.. Existing home sales finished up the year on a decidedly sour note.

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Existing U.S. home sales hit their lowest level in three years last month, This was the lowest level since November 2015 and fell under.

Total existing-home sales-which are completed transactions that include single-family homes, townhomes, condos, and co-ops-dropped 6.4 percent in December compared to November. Sales are now down 10.3 percent from a year ago, according to the National Association of REALTORS®’ existing-home sales report, released Tuesday.

Existing-home sales dropped 4.8% at an annual rate of 5.31 million in August, according to the National Association of Realtors. This followed a 1.8% rise in July, revised lower, to an annual rate of.

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November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted, annualized rate (SAAR)" metric. The point here is that the plunge in sales can’t be blamed on seasonality or the weather.

The housing market is clearly taking a turn for the worse, as sales of. even though it clearly hit the existing home sales numbers reported. then a spike in November, following August's brief jump in mortgage applications.

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November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s “seasonally adjusted, annualized rate (SAAR)” metric. The point here is that the plunge in sales.