Property News · February 22, 2017

Existing US home sales soar to 10 year peak in a sign of economic strength


US home resales surged to a 10-year high in January as buyers shrugged of higher prices and mortgage rates, a sign of growing confidence in the economy.
The National Association of Realtors said on Wednesday existing home sales jumped 3.3 per cent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest level since February 2007.
December’s sales pace was revised up to 5.51 million units from the previously reported 5.49 million units. Economists had…

Source : South China Morning Post
Read more…Existing US home sales soar to 10 year peak in a sign of economic strength

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