Shortage of cheaper houses stifles U.S. home sales

Shortage of cheaper houses stifles U.S. home sales

Shortage of cheaper houses stifles U.S. homes sales. investing.com – By Lucia Mutikani. WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the.

WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter. FILE PHOTO: A home for sale is seen in Santa

Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10% drop from a year earlier in sales of houses priced $100,000 and below.

U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from.

Home Capital Group Inc. and Lendified Holdings Inc. Announce Strategic Investment Home Capital Group Inc. and Lendified Holdings Inc. Announce Strategic Investment Read more. Financing Your Business. When You Should or Shouldn’t Get a Small Business Loan Read more. Growing Your Business. The Cost of Missed Opportunities in BusinessAustralia’s economic growth slowest in 10 years amid calls for swift action Dollar is mixed, awaiting FOMC rate decision, economy projections and press conference. In Europe, currently, FTSE is down -0.08%. DAX is down -1.57%. CAC is down -0.43%. German 10-year yield is..

Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10% drop from a year earlier in sales of houses priced $100,000 and below.

“My belief is this is the start of a turnaround in inventory in the U.S. shortage for his group’s announcement that existing home sales fell in August for the second straight month to the.

House price growth static as market cools With a median house price of $2,380,000, Brighton is higher than Victoria’s median house price of $595,000. When it comes to renting, the Brighton median house rental price per week is $995 which makes renting more expensive than Victoria’s average of $400.

The high end of the market – homes priced above $750,000 – will have a tougher time, he said. The spring market is the March through June period when more than half of U.S. home sales take place. s.

D.R. Horton, the largest U.S. builder by revenue, said this week that it expects a sales increase. the supply shortage is most acute and the growth potential is greatest. “We topped out on the.

It has shed billions of dollars in sales, accumulated a mountain of. they’ll find no shortage of eager renters. The U.S. is facing a shortage of 7.4 million rental homes that are affordable for.

Do condos appreciate as fast as single-family homes? Answer may surprise you Condo values in the US are catching up to single-family homes. The standard answer has been: Of course single-family homes appreciate faster. They are what most Americans prefer to live in, so there’s stronger demand. They come with their own piece of land – and we all know that land is a crucial driver of value.

Comments are closed.
^