With spiking mortgage rates, and tumbling mortgage applications, it is hardly surprising that existing home sales tumbled in December but the 2.8% plunge is the biggest since July and is the worst decline for December since 2009.
Existing-home sales plummeted in November, confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings. Sales of existing homes fell 10.5% in November.
November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted.
Another day, another lousy home sales report. The National Association of Realtors reported this morning that existing home sales slid 9.6% last. on March 1 and has gained 17% since its.
This Monday, Nov. 3, 2014 file photo shows a house for sale in Los Angeles. The National Association of Realtors reports on sales of existing homes in November on Monday, Dec. 22, 2014.
Investing.com – U.S. existing home sales fell sharply in November to hit the lowest level in 19 months, dampening optimism over the health of the housing market, industry data showed on Tuesday.
Southern California region home sales plunged in November from a year earlier, while year over year prices increased at the slowest pace in three years amid a housing market slowdown, reported los angeles times. The 12% decline in November sales from a year earlier was the fourth consecutive monthly drop for the eight southern counties, including Imperial, Los Angeles, Orange,
The housing market experienced a sharp drop in December as sales of existing homes fell 6.4 percent, the largest one-month decline in three years. On a year-over-year basis, sales fell more than.
November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November.Note that this metric, as calculated, is the NAR’s "seasonally adjusted. The existing-home sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country.
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Economists were expecting existing home sales to fall slightly, but remain essentially flat. The Treasury market ignored the report — yields were mostly headed higher Tuesday. November closing data.