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Added on the 22/01/2019 12:10:20 - Copyright : Wochit
The number of contracts signed in April rose more-than-expected, another sign of increasing demand in the housing sector. Bobbi Rebell reports.
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
The price of US housing in the third quarter of 2020 saw the biggest year-over-year jump since 2013. Markets Insider reports the median price for a single-family home rose 12%, mainly fueled by record-low mortgage interest rates. But there's a downside: Not every American is benefitting from the rally. In fact, Q3 saw the proportion of first-time homebuyers drop to just 31%. That's the lowest share in over 30 years. As home prices significantly outpace median family income growth, more Americans have been pushed out of the housing market and have had to delay homeownership.
Hong Kong, Sep 21 (EFE/EPA).- Shares of British banking giant HSBC, listed at the Hong Kong stock exchange, on Monday closed at their lowest level since 1995 after multiple media outlets published reports about an investigation that revealed that the bank allowed millions of dollars to be transferred in fraudulent transactions. The bank's share price closed at HK$ 29.3 ($3.78) on Monday, a 52 percent slump compared to the beginning of the year and 81 percent lower than its highest level reached in 2007, just before the global financial crisis. The Hong Kong exchange witnessed HSBC shares lose 5.33 percent of their value within Monday. (Camera: JEROME FAVRE).SHOT LIST: GENERAL VIEW OF A HONG KONG AND SHANGHAI BANK (HSBC) BRANCH IN HONG KONG.
Images of the 7.5 magnitude quake aftermath as authorities warn of landslides and heavy rain after a powerful earthquake that killed at least 62 people. IMAGES
Hawthorn Woods, Jul 26 (EFE/EPA).- The number of new homes sold in the United States dropped by 6.6 percent or an annual rate of 676,000 single family homes, according to the monthly report issued by the US Census Bureau and the US Department of Housing and Urban Development on Monday. (Camera: TANNEN MAURY). SHOT LIST: A DRONE FOOTAGE OF THE NEW HOUSES FOR SALE IN A NEIGHBORHOOD AND THE CONSTRUCTION OF SEVERAL NEW HOUSES IN HAWTHORN WOODS, ILLINOIS, US.
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