Arab Today, arab today sales of existing homes slid 6 in november
Last Updated : GMT 22:52:01
Arab Today, arab today
Arab Today, arab today

Sales of existing homes slid 6% in November

Arab Today, arab today

Arab Today, arab today Sales of existing homes slid 6% in November

Home prices
New York - UPI

Sales of existing homes slid 6 percent in November in the United States, a drop analysts blamed on a smaller inventory of houses for sale and tight credit in the mortgage market.
The National Association of Realtors reported that the seasonally adjusted annual rate of sales in November was 4.93 million. That was a drop of 6.1 percent from the 5.25 million in October.
November was the slowest month since May, while October had the highest sales of the year.
Lawrence Yun, the association's chief economist, told the Wall Street Journal that the decline came in spite of factors that should have encouraged home sales, including an increase in the number of jobs and a strong stock market.
"Factors for improving home sales are rising," Yun said. "Today's decline, which is a large decline, is a bit puzzling and I think it will be a one-month aberration."
The number of homes on the market was 2.09 million, down 6.7 percent from October. '
Janet Yellen, chairwoman of the Federal Reserve, predicted housing sales will pick up as the labour market continues to grow. She said that while interest rates on mortgages are low at 3.8 percent, buyers without spotless credit records have trouble getting mortgages.
Almost one-third, 31 percent, of the buyers were purchasing their first home. The average for 2014 through November was 29 percent.
In spite of the drop in sales, November was the second consecutive month when sales were up from the same month in 2013.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sales of existing homes slid 6 in november Arab Today, arab today sales of existing homes slid 6 in november

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Wadih al-Azzazi calls for activating news coverage

GMT 19:29 2017 Thursday ,30 March

Wadih al-Azzazi calls for activating news coverage
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday