The U.S. housing slump continued in April
FILE PHOTO: Workers construct a new home in Leyden Rock in Arvada, Colorado, U.S. August 30, 2016. reuters/rick wilking/file photo april 22, 2019 By Lucia Mutikani WASHINGTON (Reuters) – U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.
WASHINGTON: Signs are emerging that the U.S. housing market’s long slump is likely to fester through the summer, and the real estate market may not recover for at least another year. The latest report, the National Association of realtors’ pending home sales index, slipped by 4.7 percent in May to the third-lowest reading on record.
Housing slump: The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Compared.
The April reading of U.S. existing home sales missed expectations on Tuesday, adding another losing month to a long trend on a year-over-year basis. The big picture: After sales fell by almost 5% month-over-month in March, which was the biggest drop since November 2015, there was hope April would show a major pickup.
U.S. Pending Home Sales Unexpectedly Slump 1.3% In April By RTTNews Staff Writer | Published: 5/31/2018 10:27 AM ET Pending home sales in the U.S. unexpectedly showed a sharp decrease in the month of April, according to a report released by the National Association of Realtors on Thursday.
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“The economy is continuing. 18-month slump. The Michigan survey contrasts with Bloomberg’s measure of sentiment, which held close to a five-year high last week. The bloomberg consumer comfort index.
The HousingPulse Survey’s Distressed Property Index, a key measure of the health of the U.S. housing market, fell slightly to 46.7% in April, although sales of distressed properties continued to account for nearly half of the market.
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So a house worth $200,000 in fall 2011 would have recouped not quite half of its April. of the U.S. housing bubble." The rebound figures complement the Homes.com Local Market Index, released in.
· Amid new signs that the housing slump is worsening, key Senate Democrats said Wednesday that hundreds of millions of dollars of new federal aid.