US Home Sales Increase Thanks To Record-Low Mortgage Rates
With US home prices now a third lower than they were in their peak in 2006, it’s not surprising that many more houses were sold in July compared to a year ago. During the month of July, new home sales grew 3.6% to a seasonally adjusted annual rate of 372,000 compared to June, and if [...]
With US home prices now a third lower than they were in their peak in 2006, it’s not surprising that many more houses were sold in July compared to a year ago. During the month of July, new home sales grew 3.6% to a seasonally adjusted annual rate of 372,000 compared to June, and if you compare it to a year ago, home sales rose 25.3%. This rise in home sales is largely due to near-record low mortgage rates.
Not only have home sales prices increased in the last month, the amount of building … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards