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.
Wall Street's anxiety over the Trump administration's trade war with China could herald lower mortgage rates for homebuyers, but a chronic shortage of houses for sale will keep prices high.
Most metro areas in the United States saw price gains while the supply of homes for sale grew only marginally in the second quarter of 2019, according to the latest research from realtors.
Residential rents in the United States grew for the ninth month in a row in June and are now up 3% year on year, taking the median monthly rent to $1,483.
The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes fell to 64 from 66 in May.
Among the dizzying number of June transactions were a record townhouse sale and Jeff Bezos’s three apartment purchases for $80 million.
Existing home sales in the United States rebounded in May, up by 2.5% month on month and the first increase in two months, according to the latest index from real estate agents.
Funds to support development of 20,000 new homes as San Francisco Bay Area grapples with homelessness
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