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Sales of existing homes in the U.S. with the strong growth of over 5 years |
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Saturday, 25 October 2008 |
Sales of existing homes in the U.S. reported growth of 5.5 percent in September, evidence of the National Association of Real Estate in the United States. This is the strongest monthly increase in the indicator for the past five years.
In July 2003, on top of the housing boom, the increase was a 5.6 per cent.
Despite the growth in sales, but prices continue to fall. The average price of homes sold in September was 191 600 dollars, or 9 percent lower than a year ago.
Ads for sale but are still unsold homes at the end of September were 4.27 million, while maintaining a sales pace since September, this offer should reach about 10 months, which is still a record high level.
According to analysts cited by AP, data on sales of existing homes are somewhat positive signal of a possible "bottom" of the market, but the possible reversal of trend may be deferred for a longer period of time if the U.S. economy was deep recession.
The publication of the data proved not influence the course of the U.S. dollar against the euro, which currently is at a level of 1.2709. Today green currency registered a strong increase and are traded at levels of 1.25 against the euro, which is the lowest value of the single currency from October 2006 onwards. |
Real Estates 
