U.S. pending home sales fall in April, despite lower mortgage rates – ETF Daily News

A gauge of upcoming home sales dropped in November, a sign of weakening momentum for the U.S. housing market headed into 2017. The National Association of Realtors said Wednesday that its pending.

Sales of previously owned U.S. homes fell to the weakest pace. while inventory increased. Existing home sales faltered in December in the face of stiff headwinds from rising mortgage rates in the.

Pending home sales fell for the third straight month in August by 2.6 percent to 106.3, according to the National Association of Realtors. That’s the lowest level since January 2016.

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US pending home sales fell 1.3 percent in April. The index has drifted downward 2.1 percent from a year ago as the housing shortage has grown more intense. The association reported previously that sales listings in April had declined 6.3 percent over the past 12 months.

Rising mortgage interest rates, spiking the most since 1987 to nearly a two-year high in a new report Thursday, are raising worries of a slowdown in U.S. home sales. still cheap pushed up pending.

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2018-12-07  · Would-be first-time buyers who are apprehensive about mortgage rates or home prices may. existing home sales, pending home. editor at U.S. News.

It was another disappointing month for new home sales, but due entirely to a sharp decline in those sales in the West. The U.S. Census Bureau and. the revised (from 673,000) April rate of 679,000.

From Reuters: Sales of new U.S. mortgage rates, expensive lumber as well as land and labor shortages, which led to tight inventories and less affordable homes. Reports last month showed.

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