Sales of existing homes in the U.S. in September rose by a record 9.4%

27.10.2009 14:02
With sales of existing homes in the U.S. after the elimination of seasonal fluctuations sharply in September, 2009 exceeded its two-year high and increased by a record 9.4% compared to the previous month, according to a report of the National Association of Realtors (NAR).

In absolute terms, the figure was 5.57 million units against 5.09 million units in August 2009. Interviewed by Bloomberg analysts on average expected sales volume at a level of 5.35 million units, according to RIA Novosti.

According to experts, the main factor as a significant increase in this index was relatively cheap credit to the first home purchases (8000 dollars), which expires on November 30. Thus, many Americans want to buy a house until it is possible to obtain such a favorable loan.

Although the secondary housing market does not reflect the dynamics of building, selling it to give a strong impetus to consumer demand for many types of goods demanded by new settlers, thus this indicator experts to be an important indicator of the American economy.
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