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Added on the 24/08/2016 19:37:01 - Copyright : Reuters EN
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.
Beijing, Dec 14 (EFE/EPA).-Housing prices in China remained stable in November, with slower month-on-month growth in home prices in major cities, according to data from the National Bureau of Statistics (NBS) on Monday. New home prices in four first-tier cities, which are Beijing, Shanghai, Guangzhou and Shenzhen, rose 0.2 percent month-on-month in November, 0.1 percentage points slower from October. (Camera: WU HONG).B-ROLL OF BUILDINGS IN BEIJING, CHINA.
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.
In this video we take a closer look at what happens when interest rates rise and examine the effect this could have on the housing market, investment bonds and how it could eventually strengthen the pound against other currencies
European travel group TUI expects a fall in profits after Britain voted to leave the EU. The decision has also affected easyJet and the UK housing market, as Laura Frykberg reports.
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