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The US National Association of Realtors reported that in October, growth was recorded in the country's secondary housing market for the first time in six months. Regarding September, when there was a drop of 5.1% in annual terms, the figure increased by 1.4% and amounted to 5 million 220 thousand homes. Experts had not expected such a significant increase. They had predicted an increase of only 0.6%. In October, the average price of a house was $255,400, up by 3.8% over the year. The growth rate continues 80 months in a row. The share of Americans purchasing housing for the first time has decreased to 31% from 32%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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