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October Existing Home Sales Hit Fastest Pace Since January | Business News
By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes ticked higher in October, marking their strongest annual pace since January even as competition for relatively few properties on the market pushed prices higher. Existing homes sales rose 0.8{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} last month from September to a seasonally-adjusted annual rate of 6.34 million units, the National Association of Realtors said Monday. That was stronger than the 6.18 million units that economists had been expecting, according to FactSet. Sales fell 5.8{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from October last year, when they peaked following a summer and fall surge as buyers who had held off during the early days of the pandemic jumped back into the…
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Existing US Home Sales Fell in August, Price Growth Slows | Business News
By ALEX VEIGA, AP Company Author Gross sales of earlier occupied U.S. households fell in August and selling prices that have been soaring eased, the hottest indicator the housing market place is cooling as intense competitors leaves many would-be customers on the sidelines. Present homes profits fell 2{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} last month from July to a seasonally-adjusted once-a-year level of 5.88 million units, the National Association of Realtors reported Wednesday. That is slightly extra than the 5.87 million economists had been anticipating, in accordance to FactSet. Income fell 1.5{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from August last yr. As of very last month, income ended up operating 16{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} bigger this yr than in the exact same stretch…
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