November Existing Home Sales Plunge

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Southern California home sales plunged in November from a year earlier, while prices increased at the slowest pace in three years amid a housing market slowdown, reported Los Angeles Times. The 12% decline in November sales from a year earlier was the fourth consecutive monthly drop for the eight southern counties, including Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego.

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Existing-home sales dropped 4.8% at an annual rate of 5.31 million in August, according to the National Association of Realtors. This followed a 1.8% rise in July, revised lower, to an annual rate of.

WASHINGTON (MarketWatch) – The sale of existing U.S. homes sank 27.2% in July – the biggest one-month drop ever – largely because of the phase-out of a federal tax credit, according to an industry.

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November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted, annualized rate (SAAR)" metric. The point here is that the plunge in sales can’t be blamed on seasonality or the weather.

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November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted, annualized rate (SAAR)" metric.

The housing market experienced a sharp drop in December as sales of existing homes fell 6.4 percent, the largest one-month decline in three years. On a year-over-year basis, sales fell more than.

Yesterday, the National Association of Realtors (NAR) released their Existing Home Sales Report for November showing weak sales with total home sales falling 6.1% since October, but still climbing 2.1.

NEW YORK (CNNMoney.com) — Sales of existing homes. said 84,868 homes were lost to foreclosure last month. "The private market is still very weak indeed, and the next few months represent a severe.

Housing Market 2019 Forecast - Where Home Prices Are Going Next Year From the NAR: Existing-Home Sales Decline in Economic Uncertainty Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 8.6 percent to a seasonally adjusted annual rate of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 percent below the 5.02 million-unit pace in November 2007.