Economic Snapshot: Existing home sales dip slightly

Although existing home sales decreased, February’s sales pace is still 5.4 percent above the previous year. 2017 started at the fastest pace of existing home sales in almost a decade. Existing home sales Total existing home sales dropped 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February, down from 5.69 million in …
Boating Industry

Economic Snapshot: Existing home sales at highest pace in over nine years

In addition to high existing home sales, the percentage of first-time buyers is at its highest level in four years. Existing home sales Total existing home sales increased 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June, from a downwardly revised 5.51 million in May. Sales are now up 3.0 percent from June …
Boating Industry

Economic Snapshot: Existing home sales drop in February

Existing home sales dropped in February but are up year over year. Conversely, new home sales were up in February but below sales in February 2015. Existing home sales Total existing home sales dropped 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February, down from 5.47 million in January. However, sales […]
Boating Industry

Economic Snapshot: Existing home sales fall hard in November

Existing home sales dropped to their slowest pace in the past 19 months in November. Prices continue to rise for the 45th month in a row, making it more difficult for first-time buyers to enter the market. Total existing home sales fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November, […]
Boating Industry