House sales match 1980s boom
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The number of homes sold in England, Wales and Northern Ireland hits its highest level since the 1980s boom.
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U.S. new home sales jumped a surprising 9.4 percent in August, the fastest acceleration of sales in almost four years, as a fresh dip in mortgage interest rates attracted buyers, a government report showed on Monday.
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Interest rates on US 30- and 15-year mortgages rose for a second straight week this week, but the housing market remained healthy, with record sales expected for 2004, mortgage finance company Freddie Mac said on Wednesday.
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The price boom that&#39;s pushing home purchases beyond the reach of middle-wage households in San Diego County will continue in 2005, according to a forecast released yesterday by the California Association of Realtors.
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Business & money: House prices in England and Wales increased by 9.1% in the year to April, one of the highest annual rises in two years.
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Although lots of age groups are getting picky about where they slumber, manufacturers, retailers and trend-watchers say baby boomers are fueling a jump in sales of pricey bedroom accouterments.
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The sale of Starrett City, the sprawling low and moderate income complex on Jamaica Bay in Brooklyn, illustrates an exuberant real estate market, experts say.
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Sales of new homes rose to a record high in 2004, the fourth straight annual record. But activity in December barely budged after a big drop the previous month, suggesting the nation's red-hot housing market may finally be cooling.
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Existing home sales posted their largest gain in two years last month, a sign the housing market may be climbing out of a slump, but orders for big-ticket factory goods fell as businesses showed wariness about the economy's health.
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Over the last 40 years, home prices have grown at a rate far exceeding wages.
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Sales of previously owned homes rose 2.7 percent in November, making 2004 the best year ever for housing, the National Association of Realtors said yesterday in Washington.
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The average price of a home in the UK surged in January, according to official figures.
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Sales of new homes rose by 9.4 percent in August, the Commerce Department said Monday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate hikes.
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New home sales unexpectedly rose to an 870,000 annual sales pace in July, reversing two months of declines, and inventories eased, the Commerce Department reported.
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Sales of new US homes unexpectedly recovered in August, rising 4.1% from July, official figures show.
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New home sales rose 2.8 percent in July, only the second time this year that such sales increased from the previous month.
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Business & money: Numbers of buyers unable to purchase first home slump to the lowest level since 1980