U.S. existing home sales unexpectedly fall in April

Existing home sales fell 0.7% in July from the previous month to an annualized pace of 5.34 million units. Economists had forecast a 0.6% increase to an annualized pace of 5.44 million.

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WASHINGTON (MarketWatch) – The inventory of unsold homes on the market rose to an eight-year high in April as the sales pace dropped by 2%, the National Association of Realtors said Thursday. Sales of.

Existing home sales declined. Prices for U.S. Treasuries were trading lower. A separate report from the Mortgage Bankers Association showed applications for loans to buy a home surging last week to.

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Existing. home sales downward to 5.14 million for May. While sales fell from May, they’re still well above April levels, which shows that the increase in rates since May 1 has yet to have a.

. 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% from a year ago, the.

Though economic reports continue to be somewhat mixed, the outlook is for continued economic growth as we approach the record for longest U.S. economic expansion. By Robert Hughes Sales of existing.

 · U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21

U.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. The National Association of Realtors.

 · U.S. Existing Home Sales Unexpectedly Fall In April 00:39 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 existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19.