us housing recovery pricing out firsttime buyers
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US housing recovery pricing out first-time buyers

Arab Today, arab today

Arab Today, arab today US housing recovery pricing out first-time buyers

Chicago - UPI

The U.S. housing recovery is increasingly pricing first-time home buyers out of the market, data provided by the National Association of Realtors indicates. NAR released a home sales report indicating people in their late 20s and early 30s accounted for only 30 percent of buyers in the past year, The Wall Street Journal reported Tuesday. In 2009, first-time buyers accounted for more than 50 percent of sales when recession-era tax credits fueled the real estate market. In the past 30 years, they've averaged 40 percent of sales. "First-time buyers are important to get the housing market to move to a new plateau," said Steven Ricchiuto, the chief economist for Mizuho Securities USA Inc. "Without them, you just get stuck at a marginal recovery environment." Overall, sales of existing homes fell 1.2 percent in June to a seasonally adjusted annual rate of 5.08 million, down from 5.14 million in May but up 15.2 percent from June 2012. The national median price for an existing home was $214,200 in June, up 13.5 percent from a year ago, the association report said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us housing recovery pricing out firsttime buyers us housing recovery pricing out firsttime buyers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us housing recovery pricing out firsttime buyers us housing recovery pricing out firsttime buyers

 



GMT 07:20 2017 Saturday ,08 April

Joint Security Force deploys in Ain el Hilwe

GMT 12:46 2017 Wednesday ,15 February

Turkey’s entanglement in Al-Bab

GMT 14:20 2017 Tuesday ,07 February

Khamenei rebuffs Trump's warning on missiles

GMT 21:12 2016 Sunday ,23 October

Yemen deports 200 illegal African migrants

GMT 09:12 2017 Friday ,10 February

Trump, senior Republican spat over deadly Yemen raid

GMT 13:58 2012 Thursday ,04 October

Michel Azzi leaves Future TV

GMT 12:54 2017 Monday ,21 August

Lawmakers' efforts praised
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday