PROVIDING FINANCIAL EDUCATION, ACROSS AMERICA - ONE COMMUNITY AT A TIME
We deal with money more than we deal with anything else in the world. Yet financial education isn't taught in most schools. Only 3% of Americans have a written financial plan, and most people put off retirement planning way too long. Stress from financial issues impacts job performance, relationships and family life.
November 27, 2013 | Category: Mortgage Brokering
| Author: Reuters
WASHINGTON -- U.S. home resales fell in October to their lowest since June due to an inventory shortage and high property prices that have dampened buying power.
The National Association of Realtors said Wednesday that sales of previously owned homes fell 3.2 percent last month to an annual rate of 5.12 million units.
Economists polled by Reuters had expected sales to drop to a 5.13 million unit pace in October.
At the same time, the median price rose 12.8 percent in October from a year ago to $199,500. It was the 11th straight month of double-digit gains, and up from last month.
October's inventory was 2.13 million existing homes for sale, up just 0.9 percent from the year-earlier period, representing five months' supply at the current pace.
The pace of...