Sales in the secondary housing market in the U.S. in July collapsed

26.08.2010 09:50
Sales in the secondary housing market in the U.S. in July, collapsed on 27,2% - to 3.83 million homes at an annual rate, according to a report of the National Association of Realtors.<br />This minimum level since the start of publication of comparable data in 1999<br /><br />The previous month, compared with 5.26 million homes, and not 5.37 million, as previously reported. Analysts polled by Bloomberg, had expected sales to fall 13.4% from the earlier announced the June level - up to 4,65 million<br /><br />"In order to complete recovery occurred in the housing sector, we need to complete recovery in the labor market", - said the chief economist at Raymond James & Associates Inc. Scott Brown.<br /><br />Falling sales of homes on the secondary market in July on the same month last year was 27%. This reduction was recorded in all regions of the United States.<br /><br />The average cost of housing in the U.S. in July rose by 0.7% compared to the same month last year - to $ 182.6 thousand in June, compared with $ 183 thousand<br /><br />Number of homes for sale in the past month increased by 2,5% - to 3,98 million At the current pace of sales would take 12.5 months to completely sell them - is the maximum rate at least since 1999.<br /><br />For resale homes account for about 90% of the trading market housing in the U.S.. <br /><a href=""></a><br /><br />
Content tags: Overseas property
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