Existing home sales rebound in July

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U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall.

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The U.S. housing market entered 2016 after a year of strong sales, rising prices and dwindling inventories, factors supporting the economy but also likely to cap future gains for the sector.

For existing home sales, the falling interest rates have roughly coincided with a rebound in the U.S. real estate market. The following chart shows the estimated aggregate transaction values for.

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Existing home sales bounce back in August. Sales of previously-owned homes rose 7.6% to a seasonally adjusted annual rate of 4.13 million units last month, the National Association of Realtors reported Thursday. That’s up from 3.84 million in July, but down 19% from a year ago.

For existing home sales, the falling interest rates have roughly coincided with a rebound in the U.S. real estate market. We’ll take a tour through individual states in the U.S. Census’ South.

New-Home Sales Rebound in July.. The National Association of Realtors said last week that sales of existing homes rose 2 percent last month to a seasonally adjusted annual rate of 5.59 million.

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Our latest estimates of the total valuation of existing home sales in the West region through February 2019 from Zillow’s seasonally adjusted state level sales data are showing signs of a strong.

Existing-Home Sales Subside in June A potential home buyer arrives to an open house in Seattle, Washington. The numbers: Existing. Midwest, sales were up 3.4%. In both the South and the West, sales ticked up 1.8%. Related: It’s.

Existing Sales Rebound By Stephen Melman on April 20, 2016 (). Existing home sales, as reported by the National Association of Realtors (NAR), increased 5.1% in March, rebounding from the 7.1% tumble in February but showing no signs of increased activity among first-time buyers. The first-time buyer share of 30% in March remained unchanged from last month as well as March 2015.

Sales of existing homes were up strongly from June in the West, among the weakest regions in prior months, but were down in every other region – especially in the Northeast. The median (seasonally adjusted) price of existing homes sold in July was $257,200, up 4.5 percent from a year ago and 0.8 percent from June, the first monthly gain after three straight declines.