NAR existing home sales increase 2.1% in October

the NAR report showed. Last month marked the first year-over-year increase since September 2013. Economists consider pending sales a leading indicator because they track purchase contracts..

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 · Total housing inventory at the end of August declined 2.1% to 1.88 million existing homes available for sale, and is now 6.5% lower than a year ago.

The median forecast of 28 economists surveyed by Bloomberg called for an increase. NAR’s Yun said in the statement. Economists consider pending sales a leading indicator because they track contract.

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Single-family home sales climbed 2.1% to a seasonally adjusted annual rate of 4.87 million in October from 4.77 million in September, but are still 1.0% under the 4.92 million pace a year ago.

The Existing-Home Sales data measures sales and prices of existing single- family. These figures include condos and co-ops, in addition to single-family homes.

Reuters: DOJ collects $24.7 billion in settlements in 2014 Strong housing market helps reduce lingering foreclosure inventory As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.

Pending home sales are often looked to as a leading indicator of existing-home purchases and a measure of the health of the housing market in the coming months. "Job growth is doing well, the stock market is near an all-time high and home values are consistently increasing," NAR Chief Economist Lawrence Yun said in a statement.

Existing home sales gained some daylight in October 2018 versus the prior month, increasing 1.4 percent to 5.22 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors (NAR). October sales, however, were off 5.1 percent on a year-over-year comparison.

Existing-Home Sales Decline in October 20 (UPI) –Existing home sales in the United States jumped 5.6 percent in November, reaching their highest sales rate in 11 years, the National Association of Realtors said on Wednesday. last month.

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Existing-Home Sales Subside 0.6 Percent in June. The median existing-home price 2 for all housing types in June was $276,900, surpassing last month as the new all-time high and up 5.2 percent from June 2017 ($263,300). June’s price increase marks the 76 th straight month of year-over-year gains.

. housing sales in the first 10 months of 2018 totaled 4.56 million, down 2.1. The median price for October 2018 was $255,400, up 3.8 percent from a. level since NAR commenced data collection in the metric in October 2008.. october 2017 existing home Sales Rebound from Hurricane Slump, Up 2.0.

Sales normally jump up between February and March, and since 2000 the average change. months, with those declines ranging from 6.1% in October 2018 to 19.4% in December 2018.. The median price paid for all new and existing houses and condos sold. The MCAI rose 2.1% to 186.0 in April.