USA: U.S. Home Sales Grow 1.8 Percent in May, Fastest Pace in a Decade
According to the National Association of Realtors, U.S. existing-home sales sprang ahead in May 2016 to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high. All major regions except for the Midwest saw strong sales increases last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.8 percent to a seasonally adjusted annual rate of 5.53 million in May from a downwardly revised 5.43 million in April. With last month's gain, sales are now up 4.5 percent from May 2015 (5.29 million) and are at their highest annual pace since February 2007 (5.79 million). Read more on: www.worldpropertyjournal.com
Source : USA: U.S. Home Sales Grow 1.8 Percent in May, Fastest Pace in a Decade