Existing-home sales fall to three-year low, miss estimates

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Near-record low mortgage rates and reduced credit barriers are not stimulating sa. existing home sales Miss Street Estimates – Underlying Data Still Bearish. evaluated over a three-year.

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confidence reading. New and existing home sales are expected to show a rebound in January following their weak December performance. Still, the consensus 0.9 percent rise in new home sales will fall short of making up for the 16.7 percent decline in December. Following on the heals of last week’s stronger than expected Industrial Production report,

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Sales of existing U.S. homes rose in June to an eight-year high, spurred on by rising interest rates and higher demand, according to the National Association of Realtors. Total existing-home sales grew to a seasonally adjusted annual rate of 5.49 million homes, the highest level since February 2007, up 3.2 percent from the 5.32 million in May.

US home resales fall to three-year low, missing estimates . By shobhana chandra bloomberg. existing-home sales account for about 90 percent of U.S. housing and are calculated when a contract.

Existing home sales, with account for most transactions in the market, were little changed in January, according to estimates ahead of data due Thursday. The pace of sales had dipped to a three-year.

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Existing home sales fall 5% in January – miss analyst estimates. Not seasonally adjusted monthly number plunged 32%. Growing household debt levels will further impair buyer demand. The housing.

Homebuilders Fall to 10-Month Low on Sales Data, Earnings Miss (Michael Flippo/Dreamstime). Blame that on disappointing economic data and earnings reports that trailed estimates.. That added to pessimism that appeared Tuesday when data showed existing home sales dropped for the third month.

Earlier in the day, the pair touched a low of 1.3305, its lowest level since December. On the release front, British CPI continued to fall, coming in at 2.4%. This was shy of the estimate. Sales.

Home sales fell sharply in December to their weakest level in more than three years, a difficult end to a weak year for the housing market and fresh evidence of a bumpy ride to come in 2019.