US Existing-Home Sales Drop For 3rd Straight Month - 47 ABC - Delmarva's Choice

US Existing-Home Sales Drop For 3rd Straight Month

Posted: Updated:

WASHINGTON (AP) - The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, while the lingering impact of the October government shutdown may have deterred some sales.
    
The National Association of Realtors says home sales fell 4.3 percent to an annual rate of 4.90 million. That's the weakest pace since December 2012, and the first time since April that the pace has slipped below 5 million.
    
Still, the association projects that total sales this year will be 5.1 million. That would be the strongest since 2007, when the housing bubble burst.
    
The median sales price of an existing home was $196,300 in November, a slight decrease from October but 9.4 percent higher than a year ago.

 

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • VP Shoes Back to School Contest

    VP Shoes Back to School Contest

    Friday, August 15 2014 12:02 AM EDT2014-08-15 04:02:20 GMT
    Winner announced on WMDT 47 News at 12PM on 8/22/14 No purchase necessary. Void where prohibited by law. Odds of winning dependent on number of entries received. Contest Dates: August 15, 2014 – AugustMore >>
    Winner announced on WMDT 47 News at 12PM on 8/22/14 No purchase necessary. Void where prohibited by law. Odds of winning dependent on number of entries received. Contest Dates: August 15, 2014 – AugustMore >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
  • Free Tuition Contest

    Free Tuition Contest

  • Local NewsDelmarva HeadlinesMore>>

  • Body Of Delaware Beach Taxi Driver Found In Delaware Cab

    Body Of Delaware Beach Taxi Driver Found In Delaware Cab

    Thursday, August 21 2014 7:34 PM EDT2014-08-21 23:34:29 GMT
    MILLSBORO, Del. - Delaware State Police say the death of 45-year-old taxi driver William Toomey has been ruled a homicide.Toomey's body was found inside his Delaware Beach Taxi cab on the side of CountryMore >>
    MILLSBORO, Del. - Delaware State Police say the death of 45-year-old taxi driver William Toomey has been ruled a homicide.Toomey's body was found inside his Delaware Beach Taxi cab on the side of CountryMore >>
  • Cory Hamilton Found Not Guilty In Adrian Marshall Murder

    Cory Hamilton Found Not Guilty In Adrian Marshall Murder

    Thursday, August 21 2014 7:11 PM EDT2014-08-21 23:11:01 GMT
    WORCESTER CO., Md. – The trial for one of four men charged in a Thanksgiving 2013 murder of Adrian Marshal just wrapped up Thursday afternoon after three days in court. The verdict – 28-year-old CoryMore >>
    WORCESTER CO., Md. – The trial for one of four men charged in a Thanksgiving 2013 murder of Adrian Marshal just wrapped up Thursday afternoon after three days in court.More >>
  • Leipsic Murder Trial Continues

    Leipsic Murder Trial Continues

    Thursday, August 21 2014 6:23 PM EDT2014-08-21 22:23:10 GMT
    KENT CO., Del. - The state continues its case against a man allegedly involved in the grisly murder of his girlfriend's father early last year.  Gerard Schweiger was back in court Thursday, facing firstMore >>
    KENT CO., Del. - The state continues its case against a man allegedly involved in the grisly murder of his girlfriend's father early last year.  Gerard Schweiger was back in court Thursday, facing firstMore >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.