US existing-home sales climbed 3 percent in February

WASHINGTON (AP) — U.S. sales of existing homes rebounded in February after declining for the previous two months, a sign that many Americans are still looking to buy despite rising prices and a shrinking number of homes available on the market.

The National Association of Realtors said Wednesday that sales rose 3 percent last month to a seasonally adjusted annual rate of 5.54 million. This increase after declining sales in January and December suggests that competition will be heated during the traditional spring home-buying season.

"The upward trend in home sales remains intact but there are headwinds in the way," said Jennifer Lee, a senior economist at BMO Capital Markets.

The shortage of properties for sale is creating a challenge for would-be homebuyers. As sales listings have steadily declined, prices have been climbing at the same time as a stronger job market has elevated demand — and, also, competition — for purchasing homes. Higher mortgage rates this year might also cause even fewer people to list their homes for sale, which would make the current supply squeeze worse.

The median home sales price was $241,700 in February, a 5.9 percent increase over the past year.

Prices are climbing, in part, because the number of sales listings has dropped. The supply of homes for sale declined 8.1 percent from a year ago to 1.59 million.

In February, sales climbed in the South and West but fell in the Northeast and Midwest.

First-time buyers appear to face the greatest obstacles from the decline in listings, according to an analysis by the real estate company Trulia. Starter homes have seen the steepest price increases as well as sharp drops in inventory — and a greater proportion of them are fixer-uppers that require additional investment from buyers.

Mortgage rates have been rising after President Donald Trump signed tax cuts into law toward the end of last year. The average 30-year mortgage rate was 4.44 percent last week, up from an average as low as 3.78 percent in early September, according to mortgage buyer Freddie Mac.

Real estate experts warn that higher rates could prompt more existing homeowners to keep their properties off the market, since selling their homes would require them to then buy a new home and pay more in mortgage interest.

http://gazette.com/us-existing-home-sales-climbed-3-percent-in-february/article/feed/550188

Comments

: By: Helen Troung; On: 04/18/2018 19:45:20

VICTIM OF SCAMS BUT NOW A VICTOR THROUGH JOSH LOANS FINANCIAL SERVICE joshloancompany@gmail.com OR +1(215)-874-8060

Helen Truong is my name from 1731 Hilltop Haven Drive, Red Bank, NJ 07701 USA. It lifts my heart to actually use this medium to save innocent people who would have fallen into the wrong hands in quest to obtain an online loan. With all humility I want to personally warn all online loan seekers to be very careful while trying to get a loan, because it is no news that scammers are rampant everywhere all over the internet claiming to offer loan. I was a victim before now and I solemnly hope that you are a victor if you care to take my word of advise. Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. All hope was nearly lost until a co-employee suggested 'JOSH LOANS FINANCIAL SERVICE' an online reliable and trustworthy lender for me, as I was almost at the edge of taking my life considering a loss of about $83,000; As God would have it, I applied for a loan from 'Josh Loans Financial Service' under Cynthia's (co-employee) recommendation and WOW in less than 72 working hours I got a credit alert confirming that my account has been credited with the loan fund of $220,000.00 which i originally requested. If after loosing much God has shown me light with the help of 'JOSH LOANS FINANCIAL SERVICE', you too without doubt can as well obtain a loan from this reputable lending institution. IN ALL, if you, your relation or any closed person desperately need a loan, DO CONTACT or help that soul to communicate with JOSH LOANS FINANCIAL SERVICE via email on joshloancompany@gmail.com OR text/call them on +1(215)-874-8060

: By: olymptrade; On: 05/22/2018 14:02:15

A very awesome blog post. We are really grateful for your blog post. You will find a lot of approaches after visiting your post. I was exactly searching for. Thanks for such post and please keep it up

: By: namestorspelare; On: 06/06/2018 13:17:22

It turns out that even the hottest port has a few places where you can get off the beaten path. Here are some recommendations that will make you feel like you're in the know

: By: iq option; On: 06/10/2018 05:00:07

I needed to thank you for this awesome read!! I certainly getting a charge out of each and every piece of it I have you bookmarked to look at new stuff you post.

: By: football scores; On: 06/12/2018 07:30:21

A man who lives for sports can't figure out how to focus on function in the workplace, as the oblivious consideration towards sports occupies the consideration from work.

: By: generic viagra 100mg; On: 06/17/2018 07:25:37

fda approved canadian online pharmacies
viagra without a doctor prescription
best canadian mail order pharmacies

: By: 1xbet; On: 07/07/2018 14:15:09

I essentially discovered your site page and expected that would state that I have truly respected the experience of looking on the web diary sections.

: By: nightrush; On: 07/08/2018 09:32:48

Be that as it may, the Simoleons earned just by keeping the Sim glad are insufficient to develop in the amusement and climb the different levels.

: By: nightrush; On: 07/08/2018 09:34:32

Be that as it may, the Simoleons earned just by keeping the Sim glad are insufficient to develop in the amusement and climb the different levels.

: By: nightrush; On: 07/09/2018 07:10:35

It is connected by beginning with one wager, and beginning again on the off chance that you win.

: By: sportnation; On: 07/23/2018 13:25:44

Accept these football wagering tips and utilize this football wagering guide (counting the Betfair 'assist' area) with learning everything conceivable about football lay wagering and lay wagering as a rule.

: By: finmax; On: 07/30/2018 05:12:20

These are the general population, amateur brokers gaze upward to for learning things about the business that exclusive an ace can reveal.

: By: tipico; On: 08/01/2018 02:28:16

To pull back the reward, one needs to play without a doubt and bet a particular measure of trade out a non-confined diversion.

: By: Bandar Togel; On: 08/02/2018 13:02:11

I real glad to uncover this web internet site on bing, just what I was searching for.

: By: Sydney video production; On: 08/04/2018 13:29:15

The CSOne is web-based maintenance management software designed for maintenance and repair service providers. It is specifically designed to fulfill the requirements for these services and successfully improved productivity of thousands of users around the world

: By: buy viagra cialis line; On: 08/08/2018 18:27:33

do i need prescription to buy viagra in australia
buy viagra hyderabad india
effet viagra 100mg

: By: viagra buy 24; On: 08/08/2018 19:09:55

viagra 100mg vs cialis
cheap viagra at tesco
cheap cialis 10 mg

: By: viagra for cheap; On: 08/13/2018 16:06:00

is there a difference between viagra and generic viagra
cheap viagra online in the uk
sildenafil citrate 100mg for sale

: By: buy viagra hujagra 2011; On: 08/13/2018 21:36:33

generic viagra israel
cheap cialis/ viagra levitra
can you buy cialis over counter philippines

: By: Machance; On: 08/18/2018 13:41:02

It might appear that a player will win each time he plays the diversion, yet as a general rule it isn't valid if there should be an occurrence of 99% of the players.

: By: mr smith casino; On: 08/19/2018 05:18:40

An online club blog would be a decent wellspring of this data and this data is only a couple of snaps from you.

: By: www.pornmoviesjoy.com; On: 08/22/2018 18:10:29

One present why galore businesses opt for postcards is because they are overmuch

: By: muneer ahmed; On: 09/14/2018 08:29:52

Smaller than usual Baccarat has indistinguishable tenets from the ordinary Baccarat.

: By: ma chance casino; On: 09/14/2018 08:59:58

Smaller than usual Baccarat has indistinguishable tenets from the ordinary Baccarat.

: By: Highlow; On: 09/17/2018 16:08:34

Look at all conceivable emotionally supportive networks offered by the representative of the highlow showcase.

: By: casino 777; On: 09/19/2018 14:16:41

There are many distinctive plans accessible for online gambling club spaces.

: By: dublinbet; On: 09/24/2018 12:40:04

Normally you need to download programming just once and begin with the web based amusements.

: By: DrückGlück; On: 10/03/2018 04:55:23

One of the significant issues first of all while making a CV is that they are unconscious of the correct arrangement and they are uncertain what to specify and what also.

: By: Gurgaon Escorts; On: 10/16/2018 01:11:57

gurgaon Escort is very proficient in this subject, so eBook their management.

: By: casino extra; On: 11/23/2018 02:05:31

On the off chance that one is searching for an opportunity to win enormous cash only the way.

: By: dobry detektyw; On: 11/26/2018 07:21:24

Have a go at hunting down them on the web and in gatherings, if individuals have had issues with them in the past there will most likely be proof of it.

: By: agen dominoqq; On: 12/16/2018 13:09:03

They are the openings in addition to that is putting forth with many locales to browse and the greater part of them are unremarkable at the best.

: By: Kodi addons Exodus; On: 12/28/2018 13:06:04

it just opened the entryways for organizations to assemble nearer associations with their clients through internet based life.

: By: aftab ali; On: 12/30/2018 14:26:19

A not too bad enough duplicate could have been found on Ebay most likely Aaah they stated We need to keep up the respectability of Pugins gem. wallpapers with love quotes

: By: https://www.liteblue-login.org/; On: 01/08/2019 16:42:06

the propensity for contemplating these will frame, persuading each worker to be progressively careful about their connections at work, self-improvement, and satisfaction.

: By: https://www.wireonelogin.com/; On: 01/09/2019 04:41:08

By utilizing sun based boards, you'll discover investment funds in vitality costs in the thousands.

: By: osrs gold; On: 01/20/2019 07:06:11

You can get some answers concerning a gold purchaser's history and notoriety by doing some online research.

: By: Wordpress hemsidan; On: 01/21/2019 02:03:48

The site ought to be web index amicable as you will find most traffic will originate from natural query items.

: By: voyance immediate; On: 01/24/2019 12:22:20

It is trust. Love is...hopeful in every way. It's realizing that everything will turn out to be a good thing.

: By: JNTUH Results; On: 01/31/2019 02:05:29

As far back as at that point, the JEE and CAT have been all around perceived as passage tests and tests.

: By: best essay writing services uk; On: 02/05/2019 06:16:41

Presently, here comes the resolution part where you should abridge your paper.

: By: zajrzyj tu; On: 02/21/2019 14:52:50

Your mode of explaining everything in this paragraph is truly
nice, every one be able to effortlessly know it, Thanks a lot.

: By: looknij; On: 02/25/2019 04:27:57

Hey just wanted to give you a brief heads up and let you know a few
of the pictures aren't loading properly. I'm not sure why but I think
its a linking issue. I've tried it in two different internet browsers
and both show the same results.

: By: punjab examination commission 8th class result; On: 03/01/2019 08:57:53

Hi, I find reading this article a joy. It is extremely helpful and interesting and very much looking forward to reading more of your work..

: By: punjab examination commission 8th class result; On: 03/01/2019 08:58:31

Hi, I find reading this article a joy. It is extremely helpful and interesting and very much looking forward to reading more of your work..

: By: Buy cialis online; On: 03/06/2019 01:11:03

Pretty nice post. I just stumbled upon your weblog and wanted to say that I've really enjoyed browsing your blog
posts. In any case I'll be subscribing to your feed and I
hope you write again very soon!

: By: http://www.aywam.org/index.php?action=profile;u=7841; On: 03/07/2019 22:19:28

Some really marvellous work on bealf of the owner of this internet site, dead great articles.

: By: Continue shopping »; On: 03/09/2019 20:30:58

Thanks for finally talking about >Luczak Real Estate- THE BLOG <Liked it!

: By: online prescriptions; On: 03/12/2019 07:47:42

Excellent goods from you, man. I've understand your
stuff previous to and you are just extremely wonderful.
I really like what you've acquired here, certainly like what
you're stating and the way in which you say it.
You make it entertaining and you still take care of to keep it sensible.

I can't wait to read much more from you. This is really a terrific web site.

: By: tutaj; On: 03/13/2019 19:08:42

Fastidious respond in return of this difficulty with genuine arguments and explaining the whole thing
on the topic of that.

: By: ______; On: 03/14/2019 04:14:16

I've read some just right stuff here. Certainly price bookmarking for revisiting.
I surprise how a lot effort you put to make one of these wonderful informative
web site.

: By: zobacz to; On: 03/16/2019 10:17:39

Pretty! This has been a really wonderful article. Many thanks for supplying these
details.

: By: international pharmacy; On: 03/17/2019 02:09:19

Just wish to say your article is as surprising. The clarity in your post
is simply cool and i could assume you're an expert
on this subject. Well with your permission let
me to grab your RSS feed to keep up to date with forthcoming post.
Thanks a million and please keep up the gratifying work.

: By: canadian pharmaceuticals online; On: 03/19/2019 09:06:58

Write more, thats all I have to say. Literally, it seems as though you relied
on the video to make your point. You obviously know what youre talking about,
why throw away your intelligence on just posting videos to your
site when you could be giving us something enlightening to read?

: By: look; On: 03/20/2019 07:24:30

Hello to all, the contents present at this
website are in fact awesome for people knowledge, well, keep up the nice work
fellows.

: By: generic viagra online; On: 03/20/2019 19:08:30

Usually I do not learn post on blogs, however I wish to
say that this write-up very forced me to take a look at and do so!
Your writing taste has been amazed me. Thanks,
very great post.

: By: https://supremelux.net/; On: 03/21/2019 08:26:56

Great post.

: By: Cialis; On: 03/31/2019 14:46:55

Hurrah! At last I got a web site from where I be
capable of in fact obtain helpful information regarding my study and knowledge.

: By: looknij; On: 04/08/2019 09:47:34

What's up i am kavin, its my first occasion to commenting anywhere, when i read this post i
thought i could also make comment due to this brilliant
paragraph.

: By: tutaj; On: 04/08/2019 12:41:17

It's nearly impossible to find educated people on this subject, however,
you seem like you know what you're talking about!
Thanks

: By: looknij; On: 04/10/2019 06:28:26

I_m not that much of a internet reader to be honest but your blogs really nice,
keep it up! I'll go ahead and bookmark your website
to come back down the road. Many thanks

: By: zobacz to; On: 04/10/2019 08:12:51

I really like your blog.. very nice colors & theme.
Did you make this website yourself or did you hire
someone to do it for you? Plz reply as I'm looking to design my own blog
and would like to know where u got this from. thanks a
lot

: By: chwilówka; On: 04/19/2019 08:27:29

Excellent post. I was checking constantly this weblog and I
am impressed! Extremely helpful information particularly the final part :
) I care for such information a lot. I was seeking this particular information for a long
time. Thanks and good luck.

: By: p16787; On: 04/20/2019 15:13:19

Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear." She placed the shell to her
ear and screamed. There was a hermit crab inside and
it pinched her ear. She never wants to go back!
LoL I know this is totally off topic but I had to tell someone!

: By: super kredyt; On: 04/25/2019 21:56:53

I was suggested this web site by my cousin. I am not sure whether this post is written by him
as no one else know such detailed about my problem.
You are wonderful! Thanks!

: By: lokata; On: 04/29/2019 21:56:07

Spot on with this write-up, I really think this web site needs a great deal more attention. I'll probably be back again to read more, thanks for the information!

: By: Quora website here.; On: 05/02/2019 11:23:20

Hello, constantly i used to check blog posts here in the early hours in the break of day,
since i like to learn more and more.

: By: buy viagra online; On: 05/27/2019 04:41:39

Your style is unique compared to other people I've
read stuff from. Thank you for posting when you've got the opportunity,
Guess I'll just bookmark this site.

: By: cheap viagra; On: 06/04/2019 01:58:31

Pretty section of content. I just stumbled upon your web site and in accession capital to
assert that I get in fact enjoyed account your
blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently quickly.

: By: viagra 100mg; On: 06/04/2019 07:42:32

You really make it seem so easy with your presentation but I find this topic to be really
something which I think I would never understand. It seems too complicated and very broad for
me. I'm looking forward for your next post, I will try
to get the hang of it!

: By: Download site; On: 06/08/2019 08:47:14

Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something.

I think that you could do with some pics to drive the
message home a little bit, but instead of that, this is great blog.
A great read. I will definitely be back.

Please complete the form below to submit a comment on this article. A valid email address is required to submit a comment though it will not be displayed on the site.

HTML has been disabled but if you wish to add any hyperlinks or text formatting you can use any of the following codes: [B]bold text[/B], [I]italic text[/I], [U]underlined text[/U], [S]~~strike through text~~[/S], [URL]http://www.yourlink.com[/URL], [URL=http//www.yourlink.com]your text[/URL]

Luczak Real Estate

Luczak Real Estate- THE BLOG

Information for happenings in the Real Estate Market in the Pikes Peak Region... and some things we just find interesting!

Search Box

Categories

Archive

US existing-home sales climbed 3 percent in February

Comments

Leave a comment

Luczak Real Estate- THE BLOG

Information for happenings in the Real Estate Market in the Pikes Peak Region... and some things we just find interesting!

Search Box

Categories

Archive

Website

US existing-home sales climbed 3 percent in February

Comments

Leave a comment