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Lack of supply and high prices hit home sales market in the US
A lack of properties on the market and deteriorating affordability led to pending home sales in the United States falling in January by 2.8% to their lowest level in a year. Interest in buying a home has increased to its highest point since the global economic downturn but the buying market is currently challenging, according […] The post Lack of supply and high prices hit home sales market in the US appeared first on PropertyWire . Continue reading →
US existing home sales began 2017 strongly, index figures show
Existing home sales in the United States began the year strongly, increasing to their fastest pace in January for almost a decade, the latest index shows. Prices increased by 7.1% in the 12 months to January 2017 to a median of $228,900, the fastest price rise since January 2016 and it was the 59th month […] The post US existing home sales began 2017 strongly, index figures show appeared first on PropertyWire . Continue reading →
Higher mortgage rates set to have impact on US housing market this year
Rising mortgage rates and their impact on housing affordability will be the most significant force in the property market in the United States in 2017, it is suggested. The latest quarterly survey from real estate firm Zillow and conducted by Pulsenomics asked more than 100 housing experts and economists what factors would have the greatest […] The post Higher mortgage rates set to have impact on US housing market this year appeared first on PropertyWire . Continue reading →