WASHINGTON - Sales of new U.S. single-family homes unexpectedly fell in February, but data for the prior month was revised higher, pointing to underlying strength as a shortage of previously owned houses on the market persists.
Economists polled by Reuters had forecast new home sales, which account for more than 10% of U.S. home sales, rising to a rate of 675,000 units. Builders are ramping up construction, while offering price cuts and other incentives as well as reducing floor size to make housing more affordable. The government reported last week that housing completions hit their highest level in 17 years in February. More new home supply is in the pipeline.Italy’s one-euro-home sales have attracted interest in recent few years, but towns like Patrica, located south of Rome, have struggled to offload their empty homes.
If you want to retire earlier than expected, you may want to look into investing in real estate. There are numerous ways that real estate investments can help you build enough wealth to retire...UK’s housing stock ‘offers the worst value for money of any advanced economy’Listing your home in the spring used to be a no-brainer. But a major real estate shakeup is complicating the equation.
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