Shortage of cheaper houses stifles sales of US homes

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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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.

Existing home sales, which make up about 90 per cent of US home sales, dropped 4.4 per cent from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10 per cent drop from a year earlier in sales of houses priced at US$100,000 and below.

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But what is it really like for those of us trying to get a step on the property ladder or move? The large number of for sale signs and boarded up homes tell the story. as a result you have much.

Existing home sales, which make up about 90% of US 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. The Realtors group said there was strong demand in this market segment, but not enough homes for sale. The inventory of housing in this price bracket dropped 17.3% from a year ago.

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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.