Jintechnologies News Home Loan News Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years

Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years

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Introduction to Permaculture with David Shaw Luxury Housing Back on Track with NRI Investors · July 19, 2019. Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years · May 29, 2019.

NEW YORK (Reuters) – U.S. crude prices fell on Tuesday. the weakest for a second quarter in six years. Chief Executive Officer Bob Dudley said it may take 18 months or so to work off the market’s.

That’s the case right now: New home inventories peaked at 598,000 homes in July 2006, and stand at 482,000 homes as of the end of March. This inventory is equivalent to 11 months of supply, a 25-year high – but it is similar to 1974, 1982 and 1991 levels, which saw a subsequent slowing in home-price declines within the next six months.

“Low supply is an ongoing issue holding back activity. Housing inventory declined last month and is a staggering 7.1% lower than a year ago.” “Sales to investors last month were the lowest of the year (13%), which helped push all cash transactions to 18% – the smallest share since June 2009 (13%).”

Dismayed by the millions of unsold homes in China's troubled real estate market, totaled 657 square kilometers – the most unsold space in at least two years, and. Low-income households gain from a bigger supply of subsidized homes, New home prices edged up for the first time in 13 months in May,

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The 30-year, fixed-rate mortgage hit its lowest point in more than 50 years. The Freddie Mac Primary Mortgage Market Survey reported the average rate for a 30-year, fixed-rate mortgage at 4.19% with an average 0.8 origination point for the week ending Oct. 14, down from last week’s average of 4.27%.

Total housing inventory at the end of February increased 4.2 percent to 1.75 million existing homes available for sale. But that’s still 6.4 percent lower than a year ago (1.87 million) and has fallen year-over-year for 21 straight months. Unsold inventory is at a 3.8-month supply at the current sales pace (3.5 months in January).

The inventory build-up has caused investment growth to slow to 13.2 per cent in the first eight months. unsold housing inventory and that 16 real estate projects have already been abandoned. It is.

Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India India’s wholesale inflation, as measured by the Wholesale Price. The Italy-headquartered company will start pilot production of the electric three-wheeler, powered by a 4.5 kW motor, in September.

 · CAR: Record home prices, low inventory continues in june. car reports on Denver area, as well as state, for June report. Overall, June was a strong month.

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