Sales of secondary residences in the U.S. declined

25.07.2010 15:58
Property News | Sales of secondary residences in the U.S. declined According to the National Association of Realtors, the U.S., sales in the secondary housing market in the U.S. in June decreased by 5.1% to $ 5.37 million homes at an annual rate, compared with 5.66 million a month earlier.

This figure shows the decrease in the second month in a row after he was dropped in May to 2.2%.

Analysts polled by Bloomberg, expected to fall in June to 9,9% - to 5,1 million

Published data support the fact that the decline in the U.S. housing market will continue after the expiry of the proposed U.S. government tax incentives provided to citizens, first-time buyers.

Number of homes for sale in June rose by 2,5% - to 3,99 million At the current pace of sales would take 8.9 months to completely sell them - is the maximum rate since August last year.

Finmarket
Content tags: Overseas property Housing
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