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Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10% drop from a year earlier in sales of houses priced $100,000 and below.
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By Lucia Mutikani WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter. The unexpected drop in sales reported by the National Association of Realtors on Tuesday came on the heels of.
· The relationship of supply and demand affects the housing market and the price of a house. The law of supply and demand states when there is high demand for a good or service, the price of the good or service rises. If there is a large supply of a good or.
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· Shortage of cheaper houses stifles U.S. homes sales WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the.
Shortage of cheaper houses stifles U.S. homes sales Posted on April 4, 2019 June 6, 2019 by admin WASHINGTON (Reuters) – U.S. home sales dropped in April for a second straight month, weighed down by a chronic shortage of more affordable homes, the recent sign that the economy slowed after a temporary export boost and a first quarter stock.