Last month’s increase left existing home sales, which make up about 90 percent of U.S. home sales, higher than they were a year earlier for the first time in 17 months. The U.S. home market slipped into a rut last year as the U.S. central bank continued a rate-hiking campaign.
The rate cut came despite the U.S. unemployment rate being at its lowest level in nearly 50 years. The Labor Department reported on Wednesday that the overall level of employment was 0.3% lower in March, or 501,000 fewer jobs, than previously estimated. There were 1.89 million previously owned homes on the market in July, down from 1.92 million in June and a 1.6% decrease from July 2018. The median existing house price increased 4.3% from a year ago to $280,800 in July.
There aren’t any affordable homes in our city. Starter homes at $250?000?
Oh look, seanhannity can buy up more homes and raise rents, yay!
Spain is the country with more laws. Supralegislado. For buy a house or open a Shop you do infinity papers stupid burocracy, that delay the open of the Enterprise. To touch an herency, like a house, you do pay first about 15000$. If you don't have the money you loose the house.
That can't be good..
😊🤘❤️
That looks likely
Existing home sales dropped to their lowest level at the beginning of 2019. There was little choice but to lower interest rates to further 'tweak' the economy.
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Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »