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In February, 5,510,000 homes were sold in the secondary market in the United States, which is 11.8% more than in January, the National Association of Realtors reported. The February growth rate was the most significant since 2015. According to experts, sales were expected to grow by 2.2%. The number of homes sold in February in the secondary market was the highest since March 2018. According to experts, the stabilization of the market, which occurred after its decline for almost the entire past year, is due to statements by the leaders of the US Federal Reserve about the suspension of the rate hike process, as well as lower mortgage rates and a steady consumer confidence level. On average, the price of housing last month amounted to 249.5 thousand dollars, having increased by 3.6% over the year. The number of homes for sale was 1 million 630 thousand. The figure increased by 3.2%. Growth in sales of single-family homes was 13%. At the same time, the number of sales of apartment buildings has not changed compared to January.
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 ...
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 ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
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