Shortage of cheaper houses stifles U.S. homes sales – By Lucia Mutikani. WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was.

Business. Shortage of cheaper houses stifles U.S. homes sales. Reuters – By Lucia Mutikani. WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter.

“And institutional investors bought houses cheap and. remained tight, sales to millennials rose, from 22% of new homes sales around 2011 to 50% in 2018-a healthy figure, given that millennials.

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.

That pricy figure doesn’t even include property tax payments and mortgage insurance, which can drive up monthly costs dramatically. Renting a three-bedroom house or apartment isn’t cheap. home.

Are Japanese Homes Really Worthless After 30 Years? Shortage of cheaper houses stifles U.S. homes sales – 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.

FILE PHOTO: A ‘House For Sale’ sign is seen outside a single family house in Uniondale, New York, U.S. said cheaper borrowing costs should support the housing market. Recent data suggest a cloudy.

3 Things to Know in the Housing Market Today! NAHB Has a New Way to Measure Recovery  · NAHB: Market Poised for Recovery The decline in remodeling activity may be reaching an end, according to the latest National Association of Home Builders’ (nahb) remodeling market index (rmi). current market conditions jumped to 47.0 from 36.4 in the fourth quarter of 2009.3 Things to Know in the Housing Market Today! A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

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.

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