Existing-home sales fall to three-year low, miss estimates

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March data included a big increase to nearly an expansion high in new home sales, while existing home sales declined. unless they fall below 4.25%. Mortgage rates rose back above 4.2%, (1/2 of the.

Sales of previously owned U.S. homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. contract closings decreased to a 5.21 million annual rate, falling 4.

As Existing Home Sales Fall to 3-Year Low, Is Now a Good Time to Buy?. Existing home sales in December were worse than analysts expected, Existing home sales fell to a three-year low in.

Existing Home Sales Miss Estimates. 20-Jun-18 10:00 ET . Dow +61.98 at 24762.19. Just in, existing home sales decreased 0.4% in May to an annualized rate of 5.43 million units (Briefing.com consensus 5.55 million). The April reading was revised to 5.45 million (from 5.46 million).

U.S. Existing Home Sales Fall to Three-Year Low, Miss Estimates Shobhana Chandra , Bloomberg News (Bloomberg) — Sales of previously owned U.S. homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended.

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U.S. Existing-Home Sales Drop for Fourth Time in Five Months. The data signal the residential real estate sector may need more time to stabilize after sales fell to a three-year low in January.

However, if I use three-year. estimates have been off by more than $0.10/share in each of the past 11 quarters. On the revenue side, analysts have been off by an average of ~$16 million (2%) each.

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Downtown Fremont’s First Mixed-Use Development Witnesses strong sales absorption. san Ramon, CA (March 11, 2019) – SummerHill Homes, a privately-owned California homebuilder, has announced 40 percent sold in residential real estate sales at Locale @ State Street, the first mixed-use project in downtown Fremont, California.

The Federal Reserve’s three-year-old effort to return interest rates to a normal. Housing has been the one exception to an overall strong economy. existing home sales, about 90% of the US market,