U.S. existing home sales fall for second straight month

U.S. home sales unexpectedly fell in May as an acute shortage of properties on the market pushed house prices to a record high. The National Association of Realtors said on Wednesday that existing home sales slipped 0.4 percent to a seasonally adjusted annual rate of 5.43 million units last month. It was the second straight monthly decline in sales.

U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from.

Americans reduced home buying for the second straight month in August, suggesting the housing market might be stumbling due to a run-up in prices, an inventory shortage and persistent doubts about.

Sales of previously-owned homes fell for the second month in a row, another sign of a struggling market, even as the Realtor lobby continues to.

Existing home sales make up about 90 percent of U.S. home sales. There were 1.88 million homes on the market in September, an increase of 1.1 percent from a year ago.

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U.S. New-Home Sales Fell for Second Straight Month in May. August 29, 2019; U.S. Existing-Home Sales Picked Up in July August 21, 2019.

Existing-home sales fall for third straight month. Resales of U.S. homes and condominiums fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million, the lowest level in eight.

Shortage of cheaper houses stifles U.S. homes sales. By Lucia Mutikani. WASHINGTON, May 21 (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage.

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WASHINGTON (Reuters) – U.S. home sales fell for a fourth straight month in July as a shortage of properties on the market pushed up house prices, likely sidelining some potential buyers.

Sales of existing homes fell for a second straight month in April, but the market should rev up soon, the National Association of Realtors (NAR).

U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market.