FILE PHOTO: A home for sale is seen in Santa Monica, California, U.S. on March 21, 2017. REUTERS/Lucy Nicholson/File Photo
WASHINGTON - Contracts to buy previously owned homes unexpectedly fell in April, the National Association of Realtors said on Thursday. The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.Pending home contracts are seen as a forward-looking indicator of the health of the housing market because they become sales one to two months later.Compared to one year ago, pending home sales were down 2.0%, marking the 16th straight month of annual decreases.
And by 'unexpectedly,' they mean no one was reading the news about declining home ownership?
A red flag as the Trump & Republicans are destroying the Obama legacy of eight straight years of a Growth Economy.
the fuckers are gonna cause another recession
Here come that recession
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US new-home sales fell 6.9% in AprilSales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers. The Commerce Department said Thursday that new homes sold at a seasonally adjusted annual rate of 673,000 in April, down from
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US new-home sales fell 6.9% in AprilSales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers. officerdaddo This is winning according to the GOP, when will they have enough 'winning'? The housing market is outrageously over priced. officerdaddo Wages may be rising elsewhere, but mine haven't - meaning a decent place in decent shape in a decent area is out of my reach ATM (this isn't whining, this is just fact - the DP isn't a problem for me at least...)
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Despite rock-bottom mortgage rates, homebuying stalled in April. It shows how the housing recovery has left many out in the cold.Home-buying is still a challenge for a large slice of American consumers and could put limits on the housing sector's growth potential.
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