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

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Existing home sales, which make up about 90 percent of U.S. home sales, dropped 3.0 percent on a year-on-year basis in May. They have declined on a year-over-year basis for three straight months.

WASHINGTON (Reuters) – 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.

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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.

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.

WASHINGTON (MarketWatch) — Resales of U.S. homes and condominiums. of Realtors reported Tuesday. Sales of existing homes have thus fallen three consecutive months, after having risen steadily.

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Sales of previously owned homes fell 0.9% from a month earlier to an annual rate of 5.33 million, the National Association of Realtors said Thursday. Economists surveyed by The Wall Street Journal.

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It was second straight monthly increase in existing home sales, which account for about 90 percent of U.S. home sales. existing home sales fell 1.2 percent on a year-on-year basis in March. Last.

 · 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 exports and an inventory overhang in the first quarter. The unexpected drop in sales.

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U.S. retail sales fell for the second straight month in March, marking the worst two-month stretch for the consumer-spending gauge in more than two years.