World Property Journal
According to the National Association of Realtors, after three straight monthly declines, existing-home sales in the U.S. slightly reversed course in September 2017, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.7 percent to a seasonally adjusted annual rate of 5.39 million in September from 5.35 million in August. Last month’s sales pace is 1.5 percent below a year ago and is the second slowest over the past year (behind August).
