China’s home sales extended their slump in July as declining prices failed to attract buyers, buttressing speculation about fresh measures to support the market https://t.co/GdDtvEonQU ...

U.S. Home Sales Fall 2.7% In June Amid Record Prices https://t.co/8705p9sWyf https://t.co/8705p9sWyf ...

U.S. Home Sales Slid 2.7% In June As Prices Reach All-Time High https://t.co/VIPeaBekLm ...

U.S. Home Sales Fall 2.7% In June Amid Record Prices https://t.co/gqJbzUGX79 https://t.co/gqJbzUGX79 ...

Housing Market Sales - Existing home sales decreased by 2.7% month-over-month to a seasonally adjusted annualized rate of 3.93 million units [1] - The market experienced a miss in sales, with expectations being for essentially flat sales year-over-year [1] - Sales data reflects contracts likely signed in April and May when the average on the 30-year fixed mortgage rate exceeded 7% [1] Housing Supply and Demand - The number of units for sale at the end of June was 1.53 million, up 15.9% from June of the previous year [2] - The month's supply is at 4.7 months, still considered lean compared to the balanced level of 6 months [2] Home Prices and Market Dynamics - The median price of a home sold in June was $435,300, a 2% increase year-over-year, marking the 24th consecutive month of annual increases [2] - Homes are staying on the market longer, averaging 27 days compared to 22 days last June [2] - First-time buyers represent 30% of sales, lower than the historical average of 40% [3] - All-cash sales remain elevated at 29% of total sales [3] - Sales are strongest in the higher end of the market, a shift from the spring when this segment was affected by stock market volatility [3] Potential Policy Impact - A potential cut in capital gains on home sales, as suggested by the president, is estimated to affect 15% of current homeowners, primarily at the highest end of the market [4]

Singapore’s new private home sales declined to the lowest level in six months in June, just before authorities introduced new measures to tame prices https://t.co/IYHD4xJKGz ...

Manhattan home sales in the second quarter were stronger than they’ve been in almost two years, boosted by cash buyers undeterred by the economic uncertainty created by President Donald Trump’s trade war https://t.co/i4aq166h0z ...

China’s home sales extended their slump in June, putting further strain on the economy and underscoring the impetus for fresh support measures https://t.co/SE7t1aHN7w ...