NPR : News

Filed Under:

Existing Home Sales Dip After Hitting 4-Year High

There were 1.9 percent fewer existing homes sold in September than in August, the National Association of Realtors said Monday.

But the slip came after two months when sales were touching four-year highs and as mortgage rates were edging up. So there's a case to be made that a bit of a drop shouldn't be too much of a surprise. Also, sales in September were still 10.7 percent above the pace of the same month a year earlier — a sign that the housing sector's recovery hasn't been stopped in its tracks.

What's more, The Associated Press writes that "many economists expect home sales will remain healthy, especially now that [mortgage] rates have stabilized and remain near historically low levels."

We'll learn much more about how the economy fared in September when the Bureau of Labor Statistics releases its delayed monthly jobs report at 8:30 a.m. ET on Tuesday. As NPR's Marilyn Geewax has reported for us, the report's released was postponed by the partial government shutdown.

According to Reuters, economists expect to hear that there were 180,000 jobs added to payrolls in September and that the jobless rate was 7.3 percent. If they're right, that would mean the unemployment rate was unchanged from the month before and that job growth picked up just a bit from the initial August figure of 169,000.

Copyright 2013 NPR. To see more, visit


Manic And Depressed, 'I Didn't Like Who I Was,' Says Comic Chris Gethard

Gethard tells stories of hitting rock bottom in his new one-man off-Broadway show, which is billed as a comedy about "suicide, depression, alcoholism and all the other funniest parts of life."

2,500 Years Ago, This Brew Was Buried With The Dead. A Brewery Has Revived It

In an ancient burial plot in what is now Germany, scientists uncovered a cauldron with remnants of an alcoholic beverage. So they teamed up with a Milwaukee brewery to re-create the recipe.

Voters With Disabilities Fight For More Accessible Polling Places

More than 35 million eligible voters in the U.S. have a disability. And in the last presidential election, almost a third of disabled voters reported having trouble casting their ballots.

Presidential Campaigns Blast AT&T-Time Warner Merger

Donald Trump said it put "too much concentration of power in the hands of too few" and Tim Kaine called for "less concentration, especially in the media."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.