(Bloomberg) — Contract signings to purchase previously owned U.S. homes rose in June by the most. pointing to weakness in the sector. Existing home sales fell more than expected in June, while new.
The crash ensued because there were so many homes for sale and not enough people to buy them. but many other countries have less affordability than the U.S. for decades. A crash could occur, but I.
Several forecasts expect another 10 percent fall in 2019, depending on the direction of interest rates, with broker JLL warning in November that prices could plummet by 25 percent in 2019 if the.
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· China, The World’s Largest Auto Market, Says Passenger Car Sales Rose 12% In June. June’s increase was lower than a 13.4% year-on-year rise in May. Sales in June, which is traditionally a slow month for the industry, also were 3.4% below the 1.33 million units sold in May, the newspaper said. For the first six months of the year, passenger car sales in the country climbed 16.7% to 8.18 million.
Sales of new single-family homes took a big 13.4% month-to-month nosedive to a seasonally adjusted annual rate of 394,000 for July, according to a Commerce Department report (link opens a PDF)
Sales collapse to 23-year low, a negative lead for renovations & consumption The number of home sales (12-month sum) collapsed by ~21% y/y, from -13% last year, to the lowest level in 23 years.
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WASHINGTON – Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted.
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