US home sales continue to decline – prices rise

US home sales continue to decline – prices rise
US housing market

The housing construction business in the USA has also slowed down significantly in the past month.

(Photo: dpa)

Washington US home sales from the real estate portfolio fell for the eighth straight month in September. Existing home sales fell 1.5 percent to an annualized rate of 4.71 million units, the National Association of Real Estate Sellers (NAR) said on Thursday. Apart from a slump in spring 2020, when the economy was hit by the first corona wave, this was the lowest level of sales since September 2012.

Given the limited supply on the market and rising mortgage costs, purchasing an existing property is also becoming more expensive. In September, the average price of an existing home rose 8.4 percent year-on-year to $384,800.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Related posts
All Comments
US home sales continue to decline – prices rise There are no comments yet! You can make the first comment.
Leave a Comment