13.4% plummet sales of new homes in U.S.

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U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200 across the metros redfin tracks. The growth rate of home prices was on par with the May rate and was down from a 5.5 percent year-over-year gain in June 2018.

 · housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

The number of finished new homes, overall, hit just over 1.2 million homes in March, according to the report. That’s up 3.2% from February and 13.4% over the same time last year.

The plummet marks a third straight month of falling home sales. Transactions skidded 17 percent in December. according to Freddie Mac’s chief economist sam Khater. “The U.S. economy remains on.

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WASHINGTON (AP) – U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said Tuesday that sales of existing homes plunged 6.4 percent to a seasonally adjusted annual rate of 4.99 million last month, the worst pace in almost three years.

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NAR’s Profile of International Transactions in U.S. residential real estate 2019 revealed that foreign buyers purchased $77.9 billion worth of U.S. existing homes from the 2019 survey reference period, a 36% decline from the level reached in the previous 12 months ($121 billion). Non-resident foreign buyers accounted for $33.2 billion of U.S.

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