Existing-home sales increased in all four major regions of the country month over month, up 4.2 percent in the Northeast, 0.8 percent in the Midwest, 1.9 percent in the South and 2.4 percent in the West. Sales were either unchanged or lower on a year-over-year basis in three of the four regions (Northeast, unchanged; Midwest, down 1.5 percent; and South, down 1.8 percent) except for the West, where they inched up 0.8 percent. The number of homes for sale stood at 69,321 in October, a decrease of 6.6 percent compared to October 2016.
October's sales data recorded a two percent rise to a seasonally adjusted annual rate of 5.48 million from a downwardly revised 5.37 million in September.
Yun added that there were still residual effects on sales from Hurricanes Harvey and Irma, but that he expected sales to completely bounce back in Texas and Florida because demand was "very strong" before the storms.
Economists said a tax overhaul could inject additional volatility into the market in the coming months. Existing home sales make up about 90 percent of US home sales.
The data helps to gauge the strength of the USA housing market and is considered to be a key indicator of overall economic strength. Republicans in the House of Representatives have proposed allowing interest payment deductions on mortgage debt only up to $500,000, and only on a primary residence. The south, however remains "the weakest link when it comes to existing home sales in the nation", said Chris Rupkey, chief financial economist for the financial firm MUFG.
Missouri's Porter Jr. out for season
In Missouri's game against Wagner last week, Porter was not on the bench and instead watched the game from the locker room. The typical timetable to recovery from the surgery is three to four months, which will enclose the rest of this season.
Meanwhile, U.S. stock markets traded higher after the open. The dollar slipped against a basket of currencies while prices for U.S. Treasuries rose.
Home sales don't seem to be slowing down as October recorded the fastest pace of sales since June, according to the latest report from the National Association of Realtors (NAR). The year-to-date (Jan. 1 - October 31) sales total of 111,072 was 2.5-percent above the same period last year.
The October 2017 sales total of 12,178 represents an increase of 3.7 percent from the October 2016 total of 11,741. "Buyers who are in the market now are usually looking for smaller properties that tend to cost less", says Chief Economist Danielle Hale of realtor.com®. Supply was down 10.4 percent from a year ago. A six-month supply is viewed as a healthy balance between supply and demand. The statewide median sales price grew by 9.1 percent in October compared to October 2016.
However, median prices were still up 5.5% year-over-year. In contrast, annual wage growth has struggled to break above 2.9 percent since the 2007/09 recession ended. The reluctance of owners to put their homes on the market given the lack of inventory is one reason for low sales. Builders are putting up more expensive houses to maximize profits. This was in contrary to a modest decline to 5.35 million units, stated Barclays in a research report.
Tesla shareholders are in for a roller-coaster ride next year, according to the most widely followed analyst covering the stock. About 5.03M shares traded. (NASDAQ:WIN) has declined 36.61% since November 21, 2016 and is downtrending.
Baron Cohen played the fictional Borat who was a Kazakh TV presenter in the film and goes to the USA to make a documentary. The costume was made notorious by Borat , a fictional Kazakh TV presenter played by comedian Sacha Baron Cohen .
The SI to Ppg Industries Incorporated's float is 2.35%. (NYSE:SB) has risen 124.94% since November 20, 2016 and is uptrending. Following the transaction, the insider now owns 76,018 shares of the company's stock, valued at $4,767,848.96. (NYSE:PRI).
In a win on Friday, LeBron played 46 minutes, so reporters wanted to know if this was a way to get the superstar some more rest. Come out sometimes in the third quarter and we get slow starts and teams get back into it. "It's a pretty big step for us".
The specific spinner, Fidget Wild, was singled out for what NYPIRG officials said was an excessive amount of lead in the product. The majority of toy-related deaths continue to be choking on small toy parts, such as marbles, balloons and small balls.
Unlike the two previous models, the cabin of the new CLS appears mostly unchanged from the E-class it's derived from. However, the hybrid model's electric torque-filling ability should ensure performance is much closer.
Aspiriant Ltd Com has 18,172 shares. (NYSE: WMT ) on strength during trading hours on Monday following insider selling activity. Separately, Executive Vice President Bartlett Daniel J Sell 2000 shares of the company at a price of $97.39 on 2017-11-17.
A Justice Department investigation into Harvard University's approach to affirmative action is officially underway. The DOJ said it "may file a lawsuit" to force Harvard to comply if it does not hand over documents by December 1.
Statistically, about 400 to 500 people in the United States will die because of crashes just on Thanksgiving weekend. During the 2016 Thanksgiving holiday period, law enforcement agencies statewide worked more than 10,000 crashes.
Texans overcome adversity in 31-21 win
He'd been the the Cardinals' No. 3 signal caller until injuries to starter Carson Palmer and backup Drew Stanton elevated Gabbert. His interceptions came late in the fourth quarter as he tried to bring the Cardinals back from a deficit.
Gwyneth Paltrow Is Engaged to Brad Falchuk
In March of 2014, Paltrow and Coldplay frontman Chris Martin infamously made a decision to " consciously uncouple ". Celebrity magazine Us Weekly says Brad Falchuck and Gwyneth Paltrow are getting married.
Here's Gotenks in Dragon Ball FighterZ
Check out what he's capable of in the following trailer. "In Arcade Mode players will be able to test their strength". Gotenks has been seen in many Dragon Ball games, so his inclusion in Dragon Ball FighterZ isn't all that surprising.
Confusing TV Terminology Broken Down for Black Friday
You can save a lot of money if you're buying a new TV on Black Friday , but there are a few things you need to know about first. The LG B7 is a gorgeous TV not only to look at but to view content on, be it gaming or movies in glorious 4K.
Ford Introduces Plug-In Hybrid Police Vehicle
And when the juice runs out, the gasoline-electric hybrid powerplant gives it an additional range of more than 500 miles (805 km). Ford will start taking orders for the Special Service Plug-in Hybrid next month and ship them out in the summer of 2018.
The Eagles Map Out 2018 North American Tour Dates
The Eagles and Jimmy Buffett will hit stadiums across North America in 2018, and the Twins' home field will be one of the stops. This year's model features founding member-drummer Don Henley , longtime guitarist Joe Walsh and bassist Timothy B.