US home sales dropped sharply in November - Spokane, North Idaho News & Weather KHQ.com

US home sales dropped sharply in November

Posted: Updated:
Fewer Americans bought homes in November as buying slid to its slowest pace in six months. Fewer Americans bought homes in November as buying slid to its slowest pace in six months.
WASHINGTON -

Fewer Americans bought homes in November as buying slid to its slowest pace in six months.

The National Association of Realtors says sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million. That's down from a revised pace of 5.26 million in October. Over the past 12 months, sales have risen 2.1 percent.

The combination of higher home prices and relatively stagnant incomes has reduced affordability and restrained buying activity. The recent decline in mortgage rates has yet to lure more buyers into the market, just as fewer distressed properties and bargains that attract investors are coming onto the market.

The Realtors estimate that 2014 sales will fall below 2013 levels.

Median home prices rose 5 percent over the past 12 months to $205,300.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Deer Park homeowner tied up, robbed at gunpoint; deputies search for suspects

    Deer Park homeowner tied up, robbed at gunpoint; deputies search for suspects

    Thursday, February 22 2018 8:22 AM EST2018-02-22 13:22:31 GMT

    DEER PARK, Wash. - The Sevens County Sheriff's Office is requesting the public's help in identifying the suspects and a vehicle in a recent home invasion robbery. Deputies report that on February 12 around 6:45, they responded to a report of a robbery that took place on McKenzie Woolard Rd. in the Deer Park area. Two men and a women forced their way into the victim's home at gunpoint, tied the victim up, and stole numerous items including guns and the victim's debit card.

    >>

    DEER PARK, Wash. - The Sevens County Sheriff's Office is requesting the public's help in identifying the suspects and a vehicle in a recent home invasion robbery. Deputies report that on February 12 around 6:45, they responded to a report of a robbery that took place on McKenzie Woolard Rd. in the Deer Park area. Two men and a women forced their way into the victim's home at gunpoint, tied the victim up, and stole numerous items including guns and the victim's debit card.

    >>
  • Spokane woman finds baby left in freezing car

    Spokane woman finds baby left in freezing car

    Thursday, February 22 2018 8:33 PM EST2018-02-23 01:33:43 GMT

    SPOKANE, Wash. - Picture this, a baby freezing, bawling, and alone in the back seat of a car. That's what one Spokane woman stumbled upon in a South Hill parking lot. "Complete shock," Windy Delandro said. A frightening sight, Delandro says she saw what looked like a six-month old sitting in her car seat, car turned off, tears streaming down the little girls cheeks. "I looked around to see if I could find anybody, see something, I told my mom 

    >>

    SPOKANE, Wash. - Picture this, a baby freezing, bawling, and alone in the back seat of a car. That's what one Spokane woman stumbled upon in a South Hill parking lot. "Complete shock," Windy Delandro said. A frightening sight, Delandro says she saw what looked like a six-month old sitting in her car seat, car turned off, tears streaming down the little girls cheeks. "I looked around to see if I could find anybody, see something, I told my mom 

    >>
  • Canadian medal winner takes off silver medal right after it's put on her neck

    Canadian medal winner takes off silver medal right after it's put on her neck

    Thursday, February 22 2018 9:36 AM EST2018-02-22 14:36:11 GMT

    KHQ.COM - The Canadian women's hockey team wept on the ice as they accepted their silver medals after losing to the Americans at the Pyeongchang Olympics.   One Canadian player, Jocelyne Larocque, took her medal off immediately and held it in her hands as the Americans stood nearby awaiting their gold Thursday.   Larocque says, "It's just so hard."

    >>

    KHQ.COM - The Canadian women's hockey team wept on the ice as they accepted their silver medals after losing to the Americans at the Pyeongchang Olympics.   One Canadian player, Jocelyne Larocque, took her medal off immediately and held it in her hands as the Americans stood nearby awaiting their gold Thursday.   Larocque says, "It's just so hard."

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Pasco Police believe man arrested in Spokane could solve 32-year-old murder case

    Pasco Police believe man arrested in Spokane could solve 32-year-old murder case

    Friday, February 23 2018 2:02 AM EST2018-02-23 07:02:03 GMT
    Photo of victim Robert McDonald from 1986, courtesy Pasco PolicePhoto of victim Robert McDonald from 1986, courtesy Pasco Police

    PASCO, Wash. - A 32-year-old murder case is about to close with an arrest. Pasco Police Detectives have gone to Spokane to interview the suspect, a 50-year-old former Pasco resident, Theodore Milam, about the presence of his DNA at a 1986 murder scene at the Pasco Boat Basin (Schlagel Park). The homicide victim, Robert James McDonald Jr of Richland, was 40 years old on Feb. 25, 1986, when visitors to the park saw a body floating 

    >>

    PASCO, Wash. - A 32-year-old murder case is about to close with an arrest. Pasco Police Detectives have gone to Spokane to interview the suspect, a 50-year-old former Pasco resident, Theodore Milam, about the presence of his DNA at a 1986 murder scene at the Pasco Boat Basin (Schlagel Park). The homicide victim, Robert James McDonald Jr of Richland, was 40 years old on Feb. 25, 1986, when visitors to the park saw a body floating 

    >>
  • Mad Minute stories from Thursday, February 22nd

    Mad Minute stories from Thursday, February 22nd

    Thursday, February 22 2018 4:22 PM EST2018-02-22 21:22:49 GMT

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Thursday, February 22nd.

    >>

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Thursday, February 22nd.

    >>
  • Street Crimes Unit snags car thief in Moses Lake surveillance operation

    Street Crimes Unit snags car thief in Moses Lake surveillance operation

    Friday, February 23 2018 1:33 AM EST2018-02-23 06:33:55 GMT
    Moses Lake Police DepartmentMoses Lake Police Department
    Moses Lake Police DepartmentMoses Lake Police Department

    MOSES LAKE, Wash. - While on routine patrol Thursday, a Moses Lake Police Officer located a stolen vehicle, parked and unoccupied in the Peninsula area. The stolen vehicle was located with the assistance of the automatic license plate reader mounted on the vehicle, which is capable of checking thousands of vehicles an hour to see if they are stolen. Several of the department's street crimes detectives set up surveillance on the vehicle, and waited for someone to return. 

    >>

    MOSES LAKE, Wash. - While on routine patrol Thursday, a Moses Lake Police Officer located a stolen vehicle, parked and unoccupied in the Peninsula area. The stolen vehicle was located with the assistance of the automatic license plate reader mounted on the vehicle, which is capable of checking thousands of vehicles an hour to see if they are stolen. Several of the department's street crimes detectives set up surveillance on the vehicle, and waited for someone to return. 

    >>