U.S. existing home sales unexpectedly fall in April – Reuters – UKA News

U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage pushed the median home price to an all-time high. The National.

NEW YORK (Reuters) – Interest rates on U.S. 30-year. retreating in April. Existing home sales, on the other hand, fell for a second consecutive home in April due primarily to a shortage of.

New home sales drop 6.9% in April; prices increase * Markit flash U.S. PMI drops to 50.6 in May from 52.6 * Weekly jobless claims fall 1,000 to 211,000 By Lucia Mutikani WASHINGTON, May 23 (Reuters ..

Existing home sales, which make up about 90 percent of U.S. home sales, dropped 2.2 percent from a year ago in June. They have declined on a year-over-year basis for four consecutive months and decreased 2.2 percent in the first half of 2018. Sales are being stymied by an acute shortages of homes on the market.

But data last week showed U.S. home sales unexpectedly tumbling for the second straight month in May as an acute shortage of properties on the market pushed house prices to a record high.

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(Reuters. fall from here over the next 12 months. existing home sales, which account for about 90 percent of U.S. turnover, are now forecast to rise slightly and average 5.60 million units in each.

Existing home sales, on the other hand, fell for a second consecutive home in April due primarily to a shortage of inventories, while pending home sales unexpectedly decreased last month.

Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4%.

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WASHINGTON, May 21 (Reuters) – U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties.

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U.S. Existing Home Sales Unexpectedly Fall in May: Video U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

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