- Analytics
- News and Tools
- Market News
- U.S. existing homes sales rise 2.0% in July
U.S. existing homes sales rise 2.0% in July
The National Association of Realtors released existing homes sales figures in the U.S. on Thursday. Sales of existing homes rose 2.0% to a seasonally adjusted annual rate of 5.59 million in July from 5.48 million in June. It was the highest level since February 2007.
June's figure was revised down from 5.49 million units.
Analysts had expected an increase to 5.44 million units.
"The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices down the road is encouraging more households to buy now. As a result, current homeowners are using their increasing housing equity towards the downpayment on their next purchase," the NAR chief economist Lawrence Yun said.
Sales to first-time buyers declined to 28% in July, their lowest share since January.
Yun noted that "declining affordability could begin to slowly dampen demand".
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
