Sales of existing homes unexpectedly fell in January

 · The last time the region’s median sale price fell by more than 2.3 percent was a drop of 2.8 percent in January 2012, according to CoreLogic. Overall existing home sales in the nine-county.

 · Prices fell 0.1% on the month, and the year-over-year rate unexpectedly fell to 0.6% from 0.9%. Spain’s low inflation reading allows it to gain a little competitiveness over Germany.

Existing home sales unexpectedly fell 1 percent in December to a 4.94 million annual rate, according to the National Association of Realtors. November’s reading was revised down to a 4.99 million.

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"A significant breakout in existing home sales is unlikely this year." Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.

 · Home resales unexpectedly fell in December as fewer people put their properties on the market, although not by enough to derail the boost housing will likely provide to the economy this year.

The estimate of new houses for sale at the end of January was 301,000, representing 6.1 months of supply at the current sales rate. Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January.

U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

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WASHINGTON – New home sales rebounded unexpectedly. the revision to January’s sales results, the month remained the worst on records dating back to 1963. Economists surveyed by Thomson Reuters had.

Stronger economy boosts mortgage rates: Freddie Mac  · Mortgage giant Freddie Mac said Wednesday that the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94 percent a week earlier. It was the biggest weekly drop since January 2015. But the 30-year rate was still up from 3.92 percent a year ago.

Existing-home sales in the South dropped 1.0% to an annual rate of 2.08 million in January, down 8.4% from last year. The median price in the South was $214,800, up 2.5% from a year ago. Existing-home sales in the West declined 2.9% to an annual rate of 1 million in January, 13.8% below a year ago.