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Existing-Home Sales Fell 3rd Straight Month
RAH ROH.
'Existing-Home Sales declined yet again, a result of the low inventory of properties for sale and rising prices keeping buyers at bay.
Single-family 'Existing-Home Sales' fell 3.2% in April, the National Association of Realtors reported. It was the third consecutive month in which home sales fell.
The median existing-home price in April was $341,600, a new record high that represents a 19.1% increase from a year before.
Most economists argue that one the biggest factors holding back the housing market right now is a lack of inventory. Unfortunately for everyone in the housing market, from home buyers to real-estate agents to mortgage lenders, it could take years to rectify the situation.
Single-family 'Existing-Home Sales' fell 3.2% in April, the National Association of Realtors reported. It was the third consecutive month in which home sales fell.
The median existing-home price in April was $341,600, a new record high that represents a 19.1% increase from a year before.
Most economists argue that one the biggest factors holding back the housing market right now is a lack of inventory. Unfortunately for everyone in the housing market, from home buyers to real-estate agents to mortgage lenders, it could take years to rectify the situation.
5 replies
= new reply since forum marked as read
= new reply since forum marked as read
a bunch of new home builders threw-up their hands and stopped building houses, which will make the situation even worse.
