U.S. Existing Home Sales Fall to Slowest Pace Since Late 2015. – U.S. Existing Home Sales Fall to Slowest Pace Since Late 2015 The median sales price rises 2.8% from a year ago, the smallest increase since February 2012.
On a year-over-year basis, sales were 1.8% lower than a year ago. Meanwhile, the first-time buyer share increased to 32% in February from 29% last month and a year ago. The February inventory increased to 1.63 million units from 1.59 million units in January, and was up from 1.58 million units compared to a year ago.
Existing-home sales slide to a 3-year low as housing market stumbles – From Andrea Riquier: The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 4.99 million in December, the National Association of Realtors. year ago. No regions saw an.
The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in second-quarter 2017 fell to 29 percent, down from 32 percent in the first quarter of 2017 and down from 31 percent in the second quarter a year ago, according to C.A.R.’s traditional housing affordability index (hai).
However, first-time home buyers only made up 29% of the January sales market. A healthy figure is considered by the NAR to be 40%. And the average price of a house was $158,800, down 3.7% on a.
In the housing market, home sales are a leading indicator as to where prices will head. The priciest county in Southern California is Orange County and it has now faced the worst start of a year since the Great Recession ended. Sales are low. Extremely low. We have more people in the county.
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Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018. conditions now and over the next six months, as well buyer traffic..
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