Sales of new homes plunged sharply in September to the slowest pace in 10 months, as slower overall economic growth weigh on the housing market.
The Commerce Department said Monday that new-home sales dropped 11.5% in September to a seasonally adjusted annual rate of 468,000, the lowest level since November of 2014.
It seems that the slowing economies including Europe and China have started to put a negative impact on US housing market as well.
As many economists predict that the economic growth in the Euro Area and Asian countries including China will dwindle much faster, we cannot be optimistic about the US Housing Market recovery.
In this environment, it is still hard to sell a house quickly.
However, there is always a way to have it sold in a short period of time. As a local Cash Buyer, We Buy Houses "As Is" & Close Fast. In many instances, within 7-10 days. For more info, please visit our website: WeBuyHousesBronx4Cash.com
No comments:
Post a Comment