Shortage of cheaper houses stifles U.S. homes sales

 · Economists polled by Reuters had forecast existing home sales slipping 0.2% to a rate of 5.33 million units in June. Existing home sales, which make up about 90 percent of U.S. home sales, decreased 2.2% from a year ago.

“One of the issues is that the real estate is more expensive in the places where the jobs are, and the commutes in California to get there take so long that people can’t spread out. And that.

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But in at least three cities around the U.S., it happens to still. won’t come as a surprise: Homes are cheaper there, noted Jennifer von Pohlmann, director of content and PR at ATTOM. The median.

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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.

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.

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.

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