U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes.
Existing home sales in the United States fell back in September following two consecutive months of increases, down 2.2% month on month, the latest industry figures show.
Inventory in the United States housing market continued to fall in September after a mild recovery earlier this year and is now down 6.4% year on year, the latest real estate data shows.
Real estate agents aren’t well liked anywhere, but Germany’s really take the biscuit. Here, home-buyers often pay the commission of an agent hired by the seller and this can be as high as 7% (6% plus sales tax) of the purchase price. Who pays and how much varies by federal state.
While home values have recovered in the United States since the recession and, in many cases, surpassed their pre-recession peaks, single family home construction activity has continued to languish.
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
After flat lining in the spring, quarterly home value growth has returned to a steady pace in the United States while rents have continued to accelerate, according to the latest index report.
Pending home sales fell in July in the United States, reversing two consecutive months of gains, according to the latest index from real estate agents.
Home value growth has largely followed job creation since the recession in the United States, further concentrating the housing market to large cities with rural areas lagging behind in terms of recovery.
Home value appreciation in the United States has slowed each month this year, seven in a row, and is at its lowest level since 2015, according to the latest real estate index.
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