US 2nd-hand home sales: September is the lowest level in about three years – rising interest rates etc.

US 2nd-hand home sales: September is the lowest level in about three years – rising interest rates etc.

NAR announced, the number of 2nd-hand US home sales in September declined more than market expectations, the lowest level in about three years.

The buyer is waiting for purchase due to the price rise and the mortgage rate rise.

Highlight of used home sales (September)

Number of sales: Decreased from the previous month, it is 5.15 million annually, the low level since November 2015 (market forecast – 5.29 million units)

Selling price (median): 258,100 US dollars, up 4.2% from the same month last year

Stock: 1.88 million units up 1.1% from the same month of the previous year

Bloomberg

https://www.bloomberg.co.jp/news/articles/2018-10-19/-3-4-515-529?srnd=cojp-v2

Existing-Home Sales | www.nar.realtor

https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales