• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Existing-home Sales Drop In February As Inventory Falls To Historic Low

March 22, 2021 by Forex Winner Leave a Comment

Existing-home Sales Drop In February As Inventory Falls To Historic Low

Existing-home sales declined in February after two consecutive months of gains, according to data released by the National Association of Realtors.

  • Total existing home sales decreased 6.6% from January to a seasonally adjusted annual rate of 6.22 million in February. Total sales climbed year-on-year up 9.1% to 5.70 million in February.
  • The median existing home price for all housing types grew 15.8% year-on-year to $313,000 as prices rose in every region. This marks 108 straight months of year-on-year gains.
  • NAR chief economist Lawrence Yun attributed the drop to historically-low inventory. He cautioned of a possible slowdown in growth in the coming months due to higher prices and rising mortgage rates.
  • Total inventory fell 29.5% year-on-year to 1.03 million units, while unsold inventory climbed to a 2.0-month supply versus January’s 1.9-month supply.
  • Properties remained on the market for 20 days, down from both 21 days in January and from 36 days in February 2020. majority or 74% of those sold were on the market for less than a month.
  • First-time buyers accounted for 31% of sales, while individual investors or second-home buyers accounted for 17%. All-cash sales accounted for 22% of transactions, while distressed sales represented less than 1% of sales.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Forex Tester Review

May 16, 2023 By Forex Winner

xm forex broker

XM Review

April 25, 2019 By Forex Winner

icm capital

ICM Capital Review

September 13, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure