WASHINGTON, Feb 18 — Existing homes have become harder to find than ever, but Americans kept buying in January, pushing the pace of sales up much more than expected, according to industry data released today.
The real estate market has boomed during the Covid-19 pandemic thanks in part to the Federal Reserve’s easy money policies, causing property prices to climb and inventory to grow scarce. “Buyers were likely anticipating further rate increases and locking-in at the low rates, and investors added to overall demand with all-cash offers,” Yun said.Median existing home prices climbed to US$350,300, 15.4 per cent higher than the same month last year and the 119th consecutive year-on-year increase, which NAR said was the longest streak on record. Inventory dropped to a supply of 1.6 months at the most-recent pace of sales.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit ends lower against US dollar | Malay MailKUALA LUMPUR, Feb 17 — The ringgit ended lower against the US dollar today as investors turned to safe-haven assets amid geopolitical tensions in Ukraine and due to lower crude oil prices. At 6pm, the local note stood at 4.1865/1880 against the greenback from 4.1835/1855 yesterday. At the time of...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit rises against US dollar for the third consecutive day | Malay MailKUALA LUMPUR, Feb 17 ― The ringgit remained strong against the US dollar for the third consecutive day today as the greenback continued to weaken despite the bullish United States (US) retail data, an analyst said. At 9am, the local currency appreciated to 4.1825/1850 versus the greenback from...
Source: malaymail - 🏆 1. / 86 Read more »
Fed officials see accelerated US rate hikes | Malay MailWASHINGTON, Feb 17 ― Faced with stubbornly high inflation, US central bankers are considering an accelerated schedule for raising the benchmark borrowing rate, according to minutes of their latest meeting released yesterday. Most of those participating in the January 25-26 Federal Reserve...
Source: malaymail - 🏆 1. / 86 Read more »
Sime Darby Plantation continues engagement with US CBP, to submit impact report in Q1 | Malay MailKUALA LUMPUR, Feb 18 — Sime Darby Plantation Bhd is continuing its engagement with the US Customs and Border Protection (CBP) and expects to submit the report by Impactt Ltd in the first quarter this year. “Following that, the US CBP will review the report and the company will continue its...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks slide as heightened Ukraine tensions weigh | Malay MailNEW YORK, Feb 18 — US stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold as geopolitical tensions between Washington and Russia over Ukraine flared. After Ukrainian...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit improves against US dollar | Malay MailKUALA LUMPUR, Feb 18 — The ringgit appreciated against the US dollar at the close on Friday although uncertainties over the conflict in Ukraine continued to hog the limelight as market participants weighed the latest developments, said an analyst. At 6pm, the local note stood at 4.1845/1870... Islam dilindungi oleh 3 negara di dunia hari ini, Arab Saudi, Turki dan Pakistan. Tidak lama lagi akan tiba masanya 2 negara akan jatuh, menjadi mangsa perang melawan kebenaran. Muhammad Qasim telah melihat banyak mimpi mengenai masa depan umat Islam.
Source: malaymail - 🏆 1. / 86 Read more »