The number of for-sale homes in the US is at its lowest point in at least seven years, December’s Zillow Real Estate Market Report has revealed.
US house price growth reached a near six-year low of 3.8% in November 2019, Zillow’s Real Estate Market Report has found.
Permits to build new homes in the United States rose in November to their fastest pace in more than 12 years, government data showed Tuesday in another sign the American housing sector is heating up.
US Renters paid a record-high $512.4bn in rent in 2019 alone, nearly twice what they paid in 2009, Zillow analysis found.
The current median rent is $1,600 per month, up 2.3% from a year ago.
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Sales of existing US homes -- the largest part of America's vast housing market -- edged higher last month despite rising prices and tighter supplies, according to an industry report Thursday.
US rents are rising at their fastest pace of the year, increasing by 2.3% in the year to October 2019.
The October Zillow Real Estate Market Report found that the median US rent is now $1,600.
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.
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