USA home resales post unexpected rise in September

Discarded household materials are set on the yard of a house in Bellaire in Houston. The neighborhood was damaged by Hurricane Harvey flood. On Friday the National Association of Realtors reported home sales in Houston rose 4 percent from a year ago aft

Existing home sales in the States broke a three-month streak of consecutive declines but were nevertheless labelled "meagre" by some observers, who warned that a lack of supply and fast price increases were putting a crimp in buyers' budgets. August's sales pace was unrevised.

NAR said existing home sales climbed by 0.7% to an annual rate of 5.39 million in September from a rate of 5.35 million in August. Texas and Florida make up more than 18% of the nation's existing home sales.

"I don't think anyone expected to see home sales in positive territory this soon after a natural disaster of Harvey's magnitude, but the September report speaks volumes about the incredible resiliency of the Houston real estate market", said HAR chair Cindy Hamann.

Experts reckon that sales in the hurricane-affected areas will rebound further once delays in sales fade. However, the overall housing sector has been slowing as the number of properties available has not kept up with demand.

Some counties in NY, including Tompkins, Seneca, Dutchess and Cayuga, actually had more closed homes during the third quarter this year than in 2016.

Spanish Prime Minister Announces Plan for 'Coup', Taking Control of Catalonia
Officials said that in addition to police violence , Spanish law enforcement raided polling stations, resulting in the loss of 770,000 ballots.

Sales of existing U.S. homes rose in September compared with August, but remained relatively tepid due to limited housing supply and high prices, the National Association of Realtors said Friday.

"There are many investors looking to buy properties as-is, damaged property, at discounted prices, and there were some home sellers willing to take that bite", said Lawrence Yun, chief economist for the realtors association.

The state's inventory supply fell 8.6 percent at the end of the third quarter to 6.4-month supply, down from seven months one year earlier.

The median number of days that homes were on the market in September was 34, compared to 39 days a year ago. Sales rose just 3.3% in the West and 1.6% in the Midwest and they were flat in the Northeast.

Related News:

  • When you die, your brain knows you're dead

    When you die, your brain knows you're dead

    He said that brain cell-death pathways go into effect in a drawn-out process, and that this can take "hours" to reach its end. The journal authors cautioned that the findings raise serious concerns about organ harvests of newly deceased patients.
    CBS Sports experts pick Oklahoma State to defeat Texas

    CBS Sports experts pick Oklahoma State to defeat Texas

    Matt Ammendola kicked a 34-yard field goal on Oklahoma State's first overtime possession to give the Cowboys a 13-10 lead. While many expected a high scoring game for the Cowboys, the Texas defense was able to hold them to just 13 points.
    Gordon Hayward Suffers Broken Leg In Celtics Debut

    Gordon Hayward Suffers Broken Leg In Celtics Debut

    Gordon Hayward suffered a horrific leg injury in the Celtics' season opener against the Cavaliers Wednesday (AEDT) in Cleveland. Hayward dislocated his ankle and fractured his tibia in his Celtics debut on Tuesday night against the Cleveland Cavaliers .
  • Selena to receive star on Hollywood Walk of Fame

    Selena to receive star on Hollywood Walk of Fame

    The Texas native's star will be the 2,622on the Walk of Fame and will sit in front of the Capitol Records building, Fox 11 said. She debuted in the music scene in 1980 as the lead of the family band " Selena y Los Dinos" with her siblings A.B.
    'Surprised' Appleton calls for Foxes focus after Shakespeare sacking

    'Surprised' Appleton calls for Foxes focus after Shakespeare sacking

    Leicester, Premier League champions in 2015-16, are third bottom of the table after failing to win in their past six games. He has done a lot of roles at the club and he is one of the reasons why I came here.
    Man Killed When Someone Throws Rock From Overpass

    Man Killed When Someone Throws Rock From Overpass

    His fiancée Aimee Cagle told Click on Detroit that she had to tell their 5-year-old son that his daddy was not coming home. The investigation on I-75 in Vienna Township closed down southbound lanes of the interstate for several hours.
  • Kane Williamson hopes middle-order fires in India vs New Zealand series

    Kane Williamson hopes middle-order fires in India vs New Zealand series

    India will take on New Zealand in a three-match ODI series starting on Sunday at Wankhede Stadium, Mumbai . We just want to play good cricket, we have been playing good cricket, it continues to be our main goal.
    How to watch, storylines and more

    How to watch, storylines and more

    Notre Dame Stadium has a capacity of 77,622 - or almost 30,000 fewer seats than the Nittany Lions' Beaver Stadium (106,572). The last time MI played during a white out in Beaver Stadium it went to four overtimes and ended with a Penn State win.
    Schlumberger NV (NYSE:SLB) Shares Sold by Essex Investment Management Co. LLC

    Schlumberger NV (NYSE:SLB) Shares Sold by Essex Investment Management Co. LLC

    Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Schlumberger 1.7% in the second quarter. Dupont Mngmt holds 291,145 shares or 0.43% of its portfolio. (NYSE: SLB ). 12,911 are owned by Virtu Fin Ltd Liability.
  • Cenovus Energy Inc. (CVE), Horizon Pharma plc (HZNP) — Yesterday Stock's Trend

    Cenovus Energy Inc. (CVE), Horizon Pharma plc (HZNP) — Yesterday Stock's Trend

    Macquarie lowered Cenovus Energy from a neutral rating to an underperform rating in a research report on Wednesday, June 21st. Quantitative Investment Management LLC purchased a new position in Cenovus Energy in the 2nd quarter worth about $14,036,000.

    Taylor Swift's romance with Joe Alwyn heats up

    Their relationship first made headlines in May and a source recently told Us Weekly that they are "very much in love". Her two previous exes, Harris and Hiddleston, were older than her while Alwyn is about her age.

    Facebook Messenger users can now send/receive money through PayPal

    Facebook has some 30,000 bots that can already accept payment natively without directing you to third-party websites. For now, the PayPal payments within Messenger is available only in the U.S. and it is compatible only with iOS .

Most liked

"You can't question our character" - Jack Wilshere hits back at Troy Deeney
People try and put us down, they always have. "For my players we must look inside and not outside and respect ourselves, as well". I am sure individually players are disappointed (with Deeney's remarks) - no one wants to hear those comments.

Apple hit with trademark lawsuit over iPhone X 'animoji'
This feature lets user choose a particular Emoji and it will turn this emoji into real life expression as per your choice. Emonster also said, " Apple chose to take the name and pretend to the world that " Animoji " was original to Apple ".

Stranger Things Star Finn Wolfhard Leaves Agency Following Sexual Assault Scandal
He said he was a big-time agent in L.A. and he worked at APA , ' Lindsey said. adding that Grasham promised to make him a star. Not only Finn Wolford, Descendants star Cameron Boyce also fired Tyler Grasham after the sexual asssualt allegations.

Fox knew of Bill O'Reilly harassment settlement before renewing contract
According to ad-tracking firm Kantar Media, it brought in $147.13 million in advertising revenue in 2016. In February, 21st Century Fox granted O'Reilly's a four-year extension on a $25 million-a-year contract.

Every Premier League club's record goalscorer after Aguero equals Manchester City record
Otamendi rose highest from Sane's corner to power a header into the corner, despite the presence of Steven Defour on the post. However, in the space of a couple of minutes, City scored two quick goals that put the match out of their opponents' reach.

Japan's lunar orbiter discovers moon cave potentially suitable for use as shelter
Russia, too, has said it hopes to start building a human colony - initially for just four people - on the moon by 2030.

US Judge Orders Govt to Allow Undocumented Teen's Abortion
The shelter, however, was still hindering her, refusing to take her to a clinic or to let her be taken by someone else. An undocumented immigrant like Doe, the Justice Department claims, is undeserving of these constitutional protections.

California billionaire launches ads urging Trump impeachment
The billionaire explained that he is funding the effort " to demand that elected officials take a stand " on impeaching Trump . Other Democrats believe impeachment efforts are ill-advised because they will fail and could energize Republicans.

Thomas shares lead going into final day
Tony Finau, Russell Henley, Charles Howell III, Ollie Schniederjans and Venezuela's Jhonattan Vegas are another shot off the pace. New Zealand's Lydia Ko was in a group of five tied for fifth at 70.

Raiders' Marshawn Lynch suspended one game
Both are from Oakland and Peters was at the University of Washington while Lynch played in Seattle for the Seahawks. Lynch got a personal foul and was ejected for making contact with the official.

Two days after Diwali, air quality 'very poor' in Delhi
The Air Quality Index (AQI) on Saturday showed moderate pollution levels, with PM10 at 141 µg/m³ and PM2.5 at 87 µg/m³. The highest levels of PM2.5 were observed between 10pm Thursday and 3am Friday.

Egypt: 55 policemen killed in gunbattle with militants
The interior ministry said a "number" of policemen had been killed as well as some militants, but did not elaborate. But critics say his popularity has been dimmed because of security and economic austerity policies.

Melania Trump donates her inaugural gown to Smithsonian
The exhibit explores the position of the first lady, which is still an unofficial title. "She also wants to be mindful and responsible when it comes to taxpayer money".

'Several people injured' after knife attack at Munich underground station
A man with a knife has lightly wounded four people in Munich and officers are looking for the assailant, police said on Saturday. The motivation for the attack is still unclear as the suspect refused to make a statement during his interrogation by police.

Martin Midstream Partners LP (NASDAQ:MMLP) Valuation According To Analysts
Looking at some alternate time periods, the 12 month price index is 1.11303, the 24 month is 1.51096, and the 36 month is 0.77262. Narrowing in a bit closer, the 5 month price index is 0.88421, the 3 month is 0.87500, and the 1 month is now 0.98193.