• Existing home sales unchanged in August

    26 days ago - By CNBC

    U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.
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  • NAR: Existing-Home Sales Unchanged at 5.34 million in August

    NAR: Existing-Home Sales Unchanged at 5.34 million in August

    26 days ago - By Calculated Risk

    From the NAR: Existing-Home Sales Remain Flat Nationally, Mixed Results Regionally
    Existing-home sales remained steady in August after four straight months of decline, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest canceled out downturns in the South and West. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, did not change from July and remained at a seasonally adjusted rate of 5.34 million in August. Sales are now down 1.5 percent from a year ago .
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  • A Few Comments on August Existing Home Sales

    A Few Comments on August Existing Home Sales

    26 days ago - By Calculated Risk

    Earlier: NAR: Existing-Home Sales Unchanged at 5.34 million in August
    Two key points:
    1) This is a reasonable level for existing home sales, and doesn't suggest any significant weakness in housing or the economy. The key for the housing - and the overall economy - is new home sales, single family housing starts and overall residential investment.
    2) Inventory is still very low, but was up 2.7% year-over-year in August. This was the first year-over-year increase since May 2015. (Note: Inventory for June was initially reported as up slightly year-over-year, but inventory was revised down).
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  • Existing home sales remain steady, ending four-month slump

    26 days ago - By Inman

    Sales of existing homes remained steady from July to August, ending four months of decline, according to data from the National Association of Realtors.
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  • US sales of existing homes unchanged in August as price gains moderated

    26 days ago - By Chron

    WASHINGTON - US sales of existing homes unchanged in August as price gains moderated.
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  • US home sales were flat in August

    26 days ago - By Chron

    WASHINGTON - U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 - a level considered to be affordable for the middle class - has become a drag on the real estate market.
    The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of 5.34 million. Existing home sales have fallen 1.5 percent during the past 12 months.
    Price gains are moderating, and the total number of sales listings is increasing, a marked change from roughly three years' worth of annual declines in inventory.
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