Low supply, high prices still keeping a lid on sales of existing U.S. homes

[McFurd]

MarketWatch - 10/20/17 - Jeffry Bartash - Sales of existing or previously owned homes rose 0.7% in September to an annual rate of 5.39 million, breaking a three-month losing streak. That exceeded the MarketWatch forecast of 5.3 million. The number of homes available for sale climbed 1.9% in September, but total housing inventory was still down 6.4% compared to a year ago at 1.9 million. The median price of an existing home increased 4.2% to $245,100. Read more @ https://www.marketwatch.com/story/exist ... atest_news