In the US secondary housing market, 5.34 million homes were sold in May, which is 2.4% more than in the same month a year earlier, the National Association of Realtors reported. Economists estimate that the figure was expected to be at the level of 5.21 million homes. A house in the secondary market last month averaged 277.7 thousand dollars, its price for the year increased by 4.8%. In May, 4.75 million single-family homes were sold. In annual terms, the figure increased by 2.6%. Sales of apartment buildings rose by 1.7%, reaching 590 thousand. Of the total number of Americans who purchased property, 32% bought it for the first time. The share of Americans who made the purchase without attracting credit was 19%. Investors accounted for 13% of the total number of buyers.
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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 ...