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US: Existing Home Sales fall unexpectedly by -0.6% to 4.92M in March
Nasdaq ^ | 22 Apr 13 | FXStreet.com

Posted on 04/22/2013 8:29:02 AM PDT by xzins

FXstreet.com (Barcelona) - Instead of improving to 5.01M in March, US existing home sales fell from 4.95M to 4.92M,

(Excerpt) Read more at nasdaq.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: economy; home; homesales; unexpected
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To: Wyatt's Torch
but, on the more positive side, the National Association of Realtors also blamed low inventories as the flow of distressed sales continues to ease, supporting a solid rebound in prices in the past year.

Perhaps someone should be making this public. It might get more houses on the market. My guess is that the loss in value during the housing crash has lots of folks thinking that they won't get a reasonable price for their home....which might still be true.

21 posted on 04/22/2013 10:13:07 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: xzins

Yeah inventories are really tight in a lot of places (just look at the inventory charts). Friend of mine in Atlanta recently sold his house for $40K over asking price after receiving 15 bids in about 5 days.


22 posted on 04/22/2013 10:28:17 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: BenLurkin

23 posted on 04/22/2013 10:30:44 AM PDT by dfwgator
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To: woodbutcher1963

I experienced a similar circumstance when we refinanced a little over a year ago. Refinancing with the same company and paying about 25% off of the principal. Needed tons of paperwork, including a new appraisal. Even though, if the loan was not approved, the company would have been at more risk than if they approved it.


24 posted on 04/22/2013 10:32:31 AM PDT by tnlibertarian
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Comment #25 Removed by Moderator

To: xzins

How many more “unexpected” drops do we have to have for it to be expected?


26 posted on 04/22/2013 1:54:35 PM PDT by matt04
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To: ryan71

“Wish I had a penny for every time that word was used in the last 5 years.”

You beat me to it. How can they keep saying this with a straight face?


27 posted on 04/22/2013 7:09:28 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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