New home sales fall 0.3% in October

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New home sales ticked down 0.6% last month to a seasonally-adjusted annual rate of 342,000, the commerce department reported. That was from a revised reading of 344,000 in April.

 · Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower.

 · The median sales price in October was $309,700, 3.1% lower than a year earlier. At the current pace of sales, it would take 7.4 months to exhaust available supply.

RealtyTrac: May foreclosures inch up 2% Overall, foreclosure filings – which include default notices, scheduled auctions and bank repossessions – were up 2% in May from the 75-month low in April, RealtyTrac says. Filings were down 28% from.

Sydney and Melbourne home prices have fallen 1.6% in a month. That’s significantly faster than what was seen earlier this year, and may reflect vendors are lowering their price expectations in order.

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New home sales fell 0.3% in October, to an annual rate of 368,000 compared to September’s 369,000. Economists had expected a rate of 390,000. Though a slight drop from the previous month,

 · Sales of previously owned homes rose 1.4% in October from the previous month although they fell on an annual basis, signaling continued weakness in the housing market. The post New-Home Sales Fell 8.9% in October appeared first on Real Estate News & Insights | realtor.com®.

Meanwhile, the number of new homes sold and for sale dipped 1.5% from the previous month to about 662,000, according to the report. They rose, however, 11.6% from the same month a year earlier.

Nation’s home recovery may be on shaky ground G20 ‘Unity’ On Shaky Ground. Parmy Olson. European finance ministers said Monday that they did not agree with U.S. calls for other nations to increase fiscal stimulus spending.. the U.S. may.

READ MORE: Britain’s biggest housebuilder shrugs off Brexit uncertainty The highest-value homes, excluding. while retail.

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 · In November, sales were 7.7% lower than a year ago. The median sales price was $302,400, 12% lower than year-ago levels, a factor that probably helped boost sales.

With fall. in October. 3. Be flexible about possession timing: One reason that many buyers purchase in the fall is that they want to be in their new house for the holidays. Even though you might.

The 373K annualized rate this month represents an increase of 27.7 percent (18.8%) over last year’s August new home sales estimate of 292,000, according to the release. More from the release: