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Sales of secondary housing in the United States fell to a minimum in three years in December. At the same time, growth in real estate prices slowed down. The United States Association of Realtors reports: sales of homes in the secondary market fell by 6.4% to a value of 4.99 million units. The last time such a low figure was recorded in November 2015. Analysts had expected sales to fall by 1%. For the entire 2018, sales decreased by 3.1% and reached a minimum since 2015. Sales of homes in the secondary market - 90% of all sales of residential real estate in the United States. Last year, sales fell 10.3%. High mortgage rates, a shortage of land and labor were the reasons for the fall in the housing market. However, the mortgage rate has fallen in recent months, which gives sellers in the US housing market hope for a slight increase in 2019.
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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