U.S. existing home sales unexpectedly fall in July. Sales were up 2.1 percent from July 2016. Supply was down 9.0 percent from a year ago. Housing inventory has declined for 26 consecutive months on a year-on-year basis. A dearth of properties on the market has crimped the housing recovery and forced price appreciation to significantly outstrip wage gains.

WASHINGTON (Reuters) – 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.

U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

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Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago.

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Sales at existing stores rose 1.2% in the quarter ended April. Home Depot Inc. reported healthy traffic and spending at their locations, suggesting that consumers are willing to spend but are being.

Contracts to buy previously owned homes unexpectedly fell in April, the National Association of Realtors said on Thursday. The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high. The report on Monday from the National Association of Realtors (NAR) added to last

U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall.

U.S. existing home sales fall for second straight month. Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.. About 53% of.

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