Sales of existing homes unexpectedly fell in January

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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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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.

U.S. Existing Home Sales Hit Bottom at 3-Year Low – NAR.. Sales of previously-owned U.S. homes fell unexpectedly in January, to the lowest level in more than three years, but the National.

Pace of new-home sales suggests steady housing strength Fraud risk rose on purchase market shift and more wholesale loans mortgage fraud report 2010 – FBI – Mortgage Fraud. Mortgage fraud is a material misstatement, misrepresentation, or omission relied on by an underwriter or lender to fund, purchase, or insure a loan.Pace of new-home sales suggests steady housing strength Owning a home is more important than having kids for Americans Boundaries that your kid might inherit and follow outside of your home, and may. But most of us get on the phone in front of our kids more than we need to..

Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January. NAR said existing home sales tumbled by 3.

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.

Sales of previously owned U.S. homes in march unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market. Purchases dropped 2.6 percent to a 4.

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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.

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