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Existing-home sales fall to three-year low, miss estimates

Homebuilders Fall to 10-Month Low on Sales Data, Earnings Miss (michael flippo/dreamstime). blame that on disappointing economic data and earnings reports that trailed estimates.. That added to pessimism that appeared Tuesday when data showed existing home sales dropped for the third month.

 · Rally For A Cure fights cancer in Louisville; Dairy parade marches through downtown Watertown ; Temporary Arsenal Street bridge opening next week

Existing-home sales fell 3.2% to an annual rate of 5.38 million last month, the National Association of Realtors said Wednesday. Economists had expected home resales at an annualized pace of 5.65.

 · The last existing home sales print for November was 5,810,000. This number may be revised a tad smaller but, in general, all sales were good early and late in 2017. For 2018, I anticipate existing home sales to be in the range of 5.27 – 5.53 million units.

People on the move: March 23 March 18, 1965: Leonov becomes the first person to "walk in space". March 9, 1965: Second march to Montgomery begins. March 23, 1965: Young and Grissom begin launched on first two-astronaut mission. The following events occurred in March 1965: Contents. 1 March 1, 1965 (Monday); 2 March 2, The move came hours after Alabama's Governor Wallace sent Johnson a.New home loan application volume drops for first time in 2017

 · Prices/Appreciation Will Slow While Sales drop. existing home sales are predicted to fall by 2%.. Zillow estimates the median American home value at $221,500. They expect this year’s 7.7%.

Rising rates: This phase favors consumers over banks A rate hike will could give banks a window of opportunity to earn more attractive "spreads" once the Fed moves. Helped: Anyone looking to spend U.S. dollars abroad. When interest rates rise, it pushes the value of U.S. currency up. That’s good for American consumers who want to buy foreign goods (and go on European vacations) cheaply.

 · Currently, potential existing-home sales is 1.6 million (SAAR), or 23.2 percent below the pre-recession peak of market potential, which occurred in March 2004. Market Performance Gap

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 0.4% from March to a Seasonally Adjusted Annual rate of 5.19 million in April. Total sales are down 4.4% from a year ago (5.43 million in April 2018).

US home resales fall to three-year low, missing estimates . By shobhana chandra bloomberg. Existing-home sales account for about 90 percent of U.S. housing and are calculated when a contract.

Toronto housing continues slowdown with August price drop TORONTO — The Greater Toronto Area housing market continued to rebound last month with an 8.5 per cent increase in sales compared with a year ago, following a slow-down during the first half of 2018.

Near-record low mortgage rates and reduced credit barriers are not stimulating sa. existing home sales Miss Street Estimates – Underlying Data Still Bearish. evaluated over a three-year.

Last month saw existing home sales fall to a three-year low while growth in housing prices slipped to its lowest level in more than six-years, putting homebuilder ETFs in focus. HD LEN PKB XHB ITB.

Sales of previously-owned homes declined for the third month in a row, price growth is tepid, and properties aren’t flying off the market the way they used to – all signs of a cooling housing market.