Arab Today, arab today us existing home sales accelerate in june
Last Updated : GMT 08:09:48
Arab Today, arab today
Arab Today, arab today

US existing home sales accelerate in June

Arab Today, arab today

Arab Today, arab today US existing home sales accelerate in June

US existing-home sales slip
Washington - XINHUA

U.S. sales of previously owned homes reached an annual pace of 5 million for the first time since October 2013, while rising inventory continues to push overall supply toward a more balanced market, a leading industry group said Tuesday.
Existing home sales, which tally completed transactions for single-family houses, townhouses and condominiums, increased 2.6 percent from May to a seasonally adjusted annual rate of 5.04 million in June, the National Association of Realtors (NAR) said in a report.
NAR chief economist Lawrence Yun said housing fundamentals are moving in the right direction as inventories are at their highest level in over a year and price gains have slowed to much more welcoming levels in many parts of the country.
"This bodes well for rising home sales in the upcoming months as consumers are provided with more choices," he added.
"On the contrary, new home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages," he noted. He argued that stagnant wage growth is holding back what should be a stronger pace of sales.
The median existing home price for all housing types rose 4.3 percent from a year ago to 223,300 U.S. dollars in June.
Housing inventory at the end of June jumped 2.2 percent to 2.3 million, which represents a 5.5-month supply at the current sales pace, unchanged from May.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage dropped to 4.16 percent in June from 4.19 percent in May, the lowest since June 2013.
Existing home sales account for a larger share of the market than new home sales. The housing market has been a bright spot in the U.S. economy recovery, but it showed signs of cooling down in late 2013 with higher mortgage rates and limited inventory.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us existing home sales accelerate in june Arab Today, arab today us existing home sales accelerate in june

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday