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November Existing Home Sales Plunge

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U.S. Existing Home Sales Plunge in November National Association of Realtors attributes 10.5% drop to new federal rules for mortgage forms

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

From the NAR: Existing-Home Sales Decline in Economic Uncertainty Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 8.6 percent to a seasonally adjusted annual rate of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 percent below the 5.02 million-unit pace in November 2007.

Investing.com – U.S. existing home sales fell sharply in November to hit the lowest level in 19 months, dampening optimism over the health of the housing market, industry data showed on Tuesday.

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Home sales plunged in December, raising fresh concerns over the housing market’s ability to recover when government support winds down. Sales of previously owned homes fell 16.7% from November to.

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The Real Estate Market is SLOWING DOWN Existing-home sales increased 0.7 percent to 5.61 million in November, reports the National Association of REALTORS® (NAR), up from 5.57 million in October-reversing the typical trend toward a.

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November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November.Note that this metric, as calculated, is the NAR’s "seasonally adjusted. The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country.

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This Week's Stock Market Plunge Points to More Trouble Ahead. six months, back to within 3.5 percentage points of its peak from last November.. August's new-home sales also were revised down markedly, to a 585,000. So they stay put, depressing the availability of existing homes for sale, while the.

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