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

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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 buyers out of the market.

WASHINGTON (Reuters) – U.S. sales of previously owned homes fell 1.9 percent last month to an annual rate of 5.29 million units. At the same time, the median price rose 11.7 percent in September.

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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

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WASHINGTON (Reuters) – U.S. home resales fell from a. The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57.

Americans reduced home buying for the second straight month in August, suggesting the housing market might be stumbling due to a run-up in prices, an inventory shortage and persistent doubts about.

A home is offered for sale in South Barrington, Illinois. The numbers: Existing-home sales ran at a seasonally adjusted annual 5.19 million rate in April, the National Association of Realtors said.

 · U.S. home sales fell for a fourth straight month in July as a shortage of properties on the market pushed up house prices, likely sidelining some potential buyers.

 · Existing-home sales fell year-over-year for the second-straight month in a row a seasonally adjusted rate of 5.48 million in October, according to the National Association of.

US existing home sales fall for second straight month.. Existing home sales, which make up about 90 percent of US home sales, dropped 3.0 percent on a year-on-year basis in May. They have.

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