Existing-home sales fell to a rate of 4.07 million in July, the National Association of Realtors said.
The numbers: Higher mortgage rates and an ongoing shortage of homes for sale pushed home sales down in July.
That’s the number of homes that would be sold over an entire year if sales took place at the same rate every month as in July. The numbers are seasonally adjusted.Existing home sales only fell lower in January 2023, when the number dropped to 4 million. Homes listed for sale remained on the market for 20 days on average, up from 18 days in July. Last July, homes were only on the market for 14 days.
All-cash buyers made up 26% of sales. The share of individual investors or second-home buyers was 16%. About 30% of homes were sold to first-time home buyers.Big picture: As the 30-year mortgage rate hovers around 7.5% in August, buyers are pulling back and that’s likely to hurt home sales further. Unless rates fall in the near-term, demand for home buying is likely to be suppressed.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US Existing Home Sales decline 2.2% in JulyExisting Home Sales in the US declined 2.2% in July to an adjusted annual rate of 4.07 million, the National Association of Realtors (NAR) reported on
Consulte Mais informação »
This Week: US home sales, Nvidia earns, durable goods ordersThe National Association of Realtors releases its July tally of existing U.S. home sales Tuesday. Nvidia reports quarterly results Wednesday.
Consulte Mais informação »
United States Existing Home Sales MoMGet the Existing Home Sales (MoM) results in real time as they're announced and see the immediate global market impact.
Consulte Mais informação »
US existing home sales drop, but prices up from a year earlierU.S. existing home sales dropped to a six month-low in July as home owners who are locked into cheap mortgages refrained from selling their properties with the cost of new mortgages for another home at the highest levels in decades.
Consulte Mais informação »
China's land sales revenue down for 19th straight month in July By ReutersChina's land sales revenue down for 19th straight month in July
Consulte Mais informação »
Home sales fall again in July, as supply drops to near quarter-century lowHome sales fell month-to-month in all regions except the West, and dropped the most in the Northeast.
Consulte Mais informação »