Here come existing-home sales …


Home for sale

The National Association of Realtors will publish its monthly report on US existing-home sales at 10 a.m. ET.

Economists forecast that sales in the most active part of the housing market rose 2.2% at a seasonally adjusted annual rate of 5.6 million in March, according to Bloomberg.

Recent gains in pending home sales, which lead existing-home sales by a few months, could bode well for the latter, according to Deutsche Bank.

Sales eased from a 10-year high in February as a limited supply of affordable houses kept prices high and strained some buyers’ budgets, according to the NAR. Wealthier investors who were willing to pay in cash made up an above-average share of the market and held a competitive advantage over first-time buyers, the NAR said.

More to come …

Join the conversation about this story »

NOW WATCH: People are outraged by this shocking video showing a passenger forcibly dragged off a United Airlines plane

…read more

Source:: Business Insider

Leave a Reply

Your email address will not be published. Required fields are marked *