Property News · September 2, 2019

Appetite among homebuyers in US falls despite cheaper mortgages, solid job market


Contract signings to purchase previously owned US homes fell in July by the most since early 2018, indicating a pause in buyer interest even against a backdrop of falling mortgage rates, a firm job market and steady income gains.The National Association of Realtors’ index of pending home sales decreased 2.5 per cent from the previous month, data from the group showed on Thursday. The median forecast in Bloomberg’s survey called for no change. Compared with a year earlier, contract signings were…

Source : South China Morning Post
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