Mortgage News

U.S. existing home sales fall for second straight month

existing home sales, which make up about 90 percent of U.S. home sales, dropped 3.0 percent on a year-on-year basis in May. They have declined on a year-over-year basis for three straight months.

U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter. The unexpected drop in sales reported by the National

Sales rose in the Northeast and Midwest. They fell in the West, which has seen a sharp rise in prices, and the South, where most of the homes are sold. Existing home sales, which make up about 90 percent of U.S. home sales, dropped 2.2 percent from a year ago in June. They have declined on a year-over-year basis for four consecutive months and.

WASHINGTON (Reuters) – U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time.

Shortage of cheaper houses stifles U.S. homes sales. By Lucia Mutikani. WASHINGTON, May 21 (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage.

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U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from.

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U.S. home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth. Existing Home Sales Fall for Second Straight.

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It was second straight monthly increase in existing home sales, which account for about 90 percent of U.S. home sales. Existing home sales fell 1.2 percent on a year-on-year basis in March. Last.