Sales of existing homes unexpectedly fell in January

Contracts to purchase previously owned U.S. homes unexpectedly fell in February for an eighth. Economists consider pending home sales a leading indicator because they track contract signings..

 · Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs.

At the current pace, it would take 3.4 months to sell the homes on the market, compared with 3.2 months in December and 3.6 months in January 2017. The Realtors group considers a normal market at six to seven months’ supply. Single-family home sales fell 3.8% to an annual rate of 4.76 million, the lowest since July 2016.

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WASHINGTON, Feb 21 (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.

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New home sales decreased significantly in January, falling from 2017’s decade-high pace, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban.

BOULDER, CO – JANUARY 28: Apex 5510 is a high-end apartment. Like a flare in the night sky, metro Denver apartment vacancy rates unexpectedly soared in the.. rental units with row homes and condos and other for-sale homes, Falling mortgage rates have put some wind back into existing home.

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CANADA: retail sales unexpectedly fell by 0.5% in December, with 9 of the 11 major subsectors registering declines, including a 0.9% drop for automobiles. Excluding autos, sales retreated 0.3% as.

Housing market remains sluggish in Canada despite March rebound Lenders tap their market know-how to save money on facilities  · The UK housing market will remain "sluggish" despite a rise in house prices in March, according to the Nationwide building society. Nationwide’s latest housing survey found property prices.

Sales of Existing U.S. Homes Unexpectedly Fell in January. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with.

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Highlights of January Existing-Home Sales Contract closings fell 3.2% month over month to 5.38 million annual rate (estimated 5.6 million) from 5.56 million; below all estimates in Bloomberg.