U.S. real estate market continues slow down

A recent report by TD Economics notes home sales in the United States dropped almost six per cent month over month, or 4.1 million homes annualized, slightly below the consensus of 4.86 million.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

All regions saw activity fall in July, the report states, but the western U.S. saw the largest decline of more than nine per cent with the midwest seeing the least significant decrease in sales of about three per cent. Additionally, supply rose in July, up nearly five per cent from June, though even with the same period last year. The U.S. market had more than three months in July up from 2.6 months last July and 2.9 months from this past June.

The TD report notes July was the sixth consecutive month of falling sales, driven by rising borrowing costs and historically high prices. It further adds mortgage rates have eased, falling from 5.8 per cent to 5.2 per cent on average month over month. Yet the decline in activity will likely not reverse in the coming months with the Federal Reserve expected to increase its policy rate by another 100 basis points by the end of the year.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

'Record high activity': Calgary's industrial real estate market blossoming in 2022Calgary’s industrial real estate market is seeing record high activity after a COVID-19 pandemic boost, which experts say could mean more job opportunities for residents and a growing tax base for the city yyc
Herkunft: calgarysun - 🏆 63. / 52 Weiterlesen »

'Record high activity': Calgary's industrial real estate market blossoming in 2022Calgary’s industrial real estate market is seeing record high activity after a COVID-19 pandemic boost, which experts say could mean more job opportunities for residents and a growing tax base for the city yyc
Herkunft: calgaryherald - 🏆 64. / 52 Weiterlesen »

Canada's real estate market is cooling. Here's what to expect this fallAfter fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. We can expect Blackrock, the financial arm of the WEF to scoop up foreclosures and we will be on the path of owning nothing and being happy about it! You guys might want to stay away from comments from realtors. They have an incentive to get people to buy now. Housing market in a free fall. Wait till February and reassess then
Herkunft: CP24 - 🏆 30. / 67 Weiterlesen »

Canada’s housing market is cooling off. What does this mean for the fall? - National | Globalnews.caAfter fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.
Herkunft: GlobalNational - 🏆 81. / 51 Weiterlesen »