Mortgage News

Tuesday: Existing Home Sales

 · The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.

The National Association of Realtors (NAR) will release its june existing home sales report on Tuesday, July 23, after May’s report revealed an increase for the first time in two months.

U.S. existing home sales drop more than expected in June. do not believe the re-acceleration in home prices reported by the NAR is a true picture of home values. In a separate report on Tuesday.

Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. . This page provides the latest reported value for – United States Existing Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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June existing-home sale numbers in the Northeast increased 1.5% to an annual rate of 680,000, a 4.2% decline from a year ago. The median price in the Northeast was $321,200, up 4.8% from June 2018. In the Midwest, existing-home sales inched up 1.6% to an annual rate of 1.25 million, which is a 1.6% decline from June 2018.

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New Home Sales Sales of new singlefamily houses in June 2019 were at a seasonally adjusted annual rate of 646,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Weekend: Schedule for Week of January 20, 2019. Tuesday: At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.24 million saar, down from 5.32 million. Housing economist Tom Lawler expects the NAR to report sales of 4.97 million SAAR for December.

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Existing-home sales weakened in June, falling 1.7% from May to a seasonally adjusted annual rate of 5.27 million, down 2.2% from a year earlier, the National Association of Realtors reported Tuesday.