32 percent of closed April sales according to the NAR, investors are slowing their purchases and leaving mortgage-dependent buyers to pick up the slack. The housing sector has raising concerns, as the rise in the ending home sales in April in the U.S. was less than than the expectations. The gain rate was expected to be 1% but according to a report, the National Association of Realtors … [Read more...]
US Real Estate Recovers as sales of new Homes rose 6.4 percent in April
After witnessing a slump in straight two months, the sales of new homes in the United States have seen a recovery in April. According to the US Department of Commerce, sales of new homes rose 6.4 percent in April at a seasonally adjusted annual rate of 433,000. In March, purchases fell 6.9 percent with an upwardly revised annual pace of 407,000. In February, buying had dropped 4.4 percent … [Read more...]