U.S. home sales fell 2.2% in September, as rising home prices and lower inventories have stifled homebuyers.
The National Association of Realtors said Tuesday that homes sold last month declined at a seasonally adjusted annualized rate of 5.38 million units, ending a two-month streak of sales gains. Existing-home sales are up 3.9% from a year ago, but September's stumble shows the limits of the boost that declining mortgage rates had been providing.
"The resale housing market is caught in a crosscurrent of conflicting forces," said Shernette McLeod, an economist at TD Economics."On one hand, lower mortgage rates and a strong labor market have improved buying conditions. On the other, the duo of low inventory and rising home prices have kept a lid on the pace of sales expansion."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. business borrowing for equipment rises 18% in September: ELFAU.S. companies' borrowing to spend on capital investments rose 18% in Septe...
Lire la suite »
U.S. still experiencing nearly record-high number of anti-Semitic incidents, group saysIn first 6 months of 2019, the Anti-Defamation League says it counted 780 anti-Semitic incidents in the US that include vandalism, arson and the distribution of white supremacist propaganda at synagogues and other Jewish institutions.
Lire la suite »
U.S. Commerce chief: U.S.-China trade deal doesn't need to be inked next monthThe initial U.S.-China trade deal does not need to be finalized next month, the ...
Lire la suite »
Trump praises U.S.-China trade talks as Beijing seeks billions in WTO case against U.S.President Donald Trump indicates the possibility of a deal to end the U.S. trade war with China
Lire la suite »
Watch Ray J and Princess Love's Epic Sky-High Gender RevealPrincess Love took to Instagram on Monday to share a video of the high-flying moment.
Lire la suite »