United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

US home sales plummeted 6.4 percent in December

SeattlePI.com Tuesday, 22 January 2019
WASHINGTON (AP) — U.S. home sales cratered in December, causing price growth to slip to the lowest level in nearly six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors says that sales of existing homes plunged 6.4 percent to a seasonally adjusted annual rate of 4.99 million last month, the worst pace in almost three years. For all of 2018, sales of existing homes fell 3.1 percent from a year ago to 5.34 million units, the softest total since 2015. Home sales have slowed after years of strong price growth and modest inventories hurt affordability. The median sales price in December was $253,600, up just 2.9 percent from last year.
0
shares
ShareTweetSavePostSend
 
Credit: CBS4 Miami - Published < > Embed
News video: Home Sales Drop

Home Sales Drop 00:21

Now may not be a good time to sell your home.

Recent related videos from verified sources

'Avengers: Endgame' and Other Disney Movies Could Earn Up to 50 Percent of Summer Ticket Sales [Video]'Avengers: Endgame' and Other Disney Movies Could Earn Up to 50 Percent of Summer Ticket Sales

'Avengers: Endgame' and Other Disney Movies Could Earn Up to 50 Percent of Summer Ticket Sales Disney is ready to dominate this summer's box office. According to 'The Wrap,' Disney film properties..

Credit: Wibbitz Top Stories     Duration: 01:17Published

Spring Home Buying Season Off To Slow Start As Sales Fall 4.9% [Video]Spring Home Buying Season Off To Slow Start As Sales Fall 4.9%

Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. Ken Molestina reports.

Credit: CBS 13 Sacramento     Duration: 00:30Published

Snacks Most Likely to be Swiped by Food Thieves [Video]Snacks Most Likely to be Swiped by Food Thieves

Do you know where your snacks are? Four in ten Americans admit to being food thieves, according to new research. Americans' biggest targets are our friends, co-workers and partners, with one in ten..

Credit: SWNS STUDIO     Duration: 00:59Published

Denim Is In Again, Sales Are Skyrocketing [Video]Denim Is In Again, Sales Are Skyrocketing

American women have been ditching denim to wear gym clothes around the clock for a decade. Sales of athleisure clothing are slowing as denim makes its way back into the spotlight. Sales of women's..

Credit: Wochit     Duration: 00:45Published

U.S. Housing Starts Approach Two-year Low [Video]U.S. Housing Starts Approach Two-year Low

According to Reuters, U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to..

Credit: Wochit Business     Duration: 00:39Published

Over 60% of Americans are Friends With Their Cars [Video]Over 60% of Americans are Friends With Their Cars

Americans spend on average 18 full days in their car every year, according to new research.The mind-bending new statistic emerged in a new study of 2,000 American car owners which found that, whether..

Credit: SWNS STUDIO     Duration: 00:55Published

Americans Only Have 43 minutes of 'Me Time' a Day [Video]Americans Only Have 43 minutes of 'Me Time' a Day

Struggling to find a little "me time"? You're far from alone because the average American only gets five hours of "me time" in a week -- that's just 43 minutes a day.A study examining where and how..

Credit: SWNS STUDIO     Duration: 00:52Published

Economic Data From China Boosts MSCI's Global Stock Gauge [Video]Economic Data From China Boosts MSCI's Global Stock Gauge

According to Reuters, MSCI's global gauge of stock rose due to positive economic data from China. On April 17th, MSCI's all-country world stock index rose by three-tenths of a percent. Data from..

Credit: Wochit     Duration: 00:41Published


Recent related news from verified sources

Dayton-area home sales decline in March

More homes sold in the Dayton region in March than any other month so far this year, but monthly sales declined from last year and inventory in the local housing...
bizjournals Also reported by •Seattle TimesProactive Investors

U.S. mortgage rates continue 3-week climb

U.S. mortgage rates continued to climb higher this week for the third week in a row, according to Freddie Mac. The 30-year fixed mortgage averaged 4.17 percent...
bizjournals

Home sales fall 4.9% in slow start to spring buying season

WASHINGTON (AP) — Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most...
Seattle Times

Some parts of Oahu see double-digit drops in home sales in March, others double-digit gains

Some of Oahu’s largest single-family home neighborhoods recorded double-digit drops in home sales last month, while the Waipahu neighborhood saw a 31 percent...
bizjournals

Luxury single-family home sales on Oahu increase in Q1, overall sales decline

The number of luxury single-family homes on Oahu that sold for $1.5 million or more rose 4 percent during the first quarter of this year, driven by a 33 percent...
bizjournals

Twin Cities housing market sets record for median sales price

The Twin Cities set a new single-month record for the median sales price of a single-family home in March, even as above-average precipitation and soggy...
bizjournals Also reported by •Proactive Investors

Positive Momentum Emerges at Aureus, Inc.

Positive Momentum Emerges at Aureus, Inc.
*Yuengling Ice Cream Operator Reports 2018 Revenue, Foresees Expansion* *ATLANTA, GA / ACCESSWIRE / April 17, 2019 /* Aureus, Inc. (OTC PINK: ARSN),...
Accesswire

You Might Like


Other recent news in Business

Ford will invest $500 million in Tesla rival RIVIAN, joining Amazon and going head-to-head with GM (TSLA, F, GM)ELON MUSK's most hated group of investors are ratcheting up their bets against Tesla ahead of the company's earnings (TSLA)
LIVE: Facebook expects to be hit with $3-5 BILLION FINE by the FTC, as it beats Wall Street's revenue expectations for Q1 (FB)WARREN BUFFETT shoots down report that Berkshire Hathaway will acquire embattled California utility PG&E (PCG)
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.