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Wed May 24, 2017, 11:20 AM

 

Home sales fall as tight supply boosts prices

Home sales fall as tight supply boosts prices
Wed May 24, 2017 | 10:43am EDT

U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping house prices elevated and sidelining prospective buyers.

The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units last month.

With recent data showing a drop in homebuilding and a plunge in new home sales in April, weak home resales suggest residential investment will probably make a small contribution to gross domestic product in the second quarter.

https://www.reuters.com/article/us-usa-economy-housing-idUSKBN18K1W7

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Reply Home sales fall as tight supply boosts prices (Original post)
workinclasszero May 2017 OP
DK504 May 2017 #1
workinclasszero May 2017 #2

Response to workinclasszero (Original post)

Wed May 24, 2017, 11:33 AM

1. Sick of winning yet?

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Response to DK504 (Reply #1)

Wed May 24, 2017, 11:36 AM

2. They will be as Trump's hellscape budget ushers in the next Bush style depression

 

This time with no SNAP and added extra work requirements for disabled Grandma!

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