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The index of pending home sales fell to 99.0 in December. The November index, which was 2.2% higher, was revised from 101.4 to 101.2. According to analysts, the index was expected to grow by 0.5%. Unfinished contracts for the sale of housing - an indicator that is used for the forecast. These contracts become sales in 1-2 months. Sales declined to a record low in December, while real estate prices grew at the lowest rate. A 9.8% drop in pending sales was the 12th consecutive drop. Partial government shutdown did not change sales in December: 75% of realtors did not feel its influence. Consumer confidence in the real estate market has fallen due to high prices and mortgage rates, as well as a correction in the stock market.
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 ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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