(Finance) – Signs of deterioration continue to come from the US real estate market. The existing home sales in the United States have registered a September 2022 a decrease of 1.5%, according to what was communicated by the National Association of Real Estate Agents (NAR), after the -0.8% reported in August (figure revised by a preliminary of -0.4%). This is the eighth consecutive decline.
4.71 were sold million units compared to the 4.78 million in August (revised from a preliminary of 4.80 million) and the 4.70 million units forecast by analysts. Year-on-year, sales fell 23.8% (down from 6.18 million units in September 2021).
“The real estate sector continues to suffer a adjustment due to the continuous increase in interest rateswhich eclipsed 6% for 30-year fixed mortgages in September and are now approaching 7% – said Lawrence Yun, chief economist at NAR – Expensive regions in the country are particularly feeling the problem and are seeing greater declines. of sales “.