Something went wrong with the connection!
 Breaking News
  • NO JOKE THIS Kapil Sharma has really got married India Post News Service Jaswant Singh Gandam PHAGWARA/JALANDHAR: One of the most loved standup comedian- turned -actor Kapil Sharma’s marriage with his college time...
  • Akshaye Khanna’s mother Geetanjali passes away MUMBAI: Geetanjali Khanna, the first wife of late Bollywood actor Vinod Khanna and the mother of actors Akshaye and Rahul Khanna, has passed away, hours after complaining of uneasiness. She...
  • 2 Indians among 5 running movie piracy ring LOS ANGELES: Two Indians are among five men charged in the US for allegedly running an international piracy ring that distributed major movies and television shows prior to their official...
  • Statue of Bhupen Hazarika unveiled BOLUNG, Arunachal Pradesh: A statue of Assamese music icon Dr Bhupen Hazarika, who brought the Northeastern region to the rest of the country through his songs, was unveiled here in...
  • ‘Gully Boy’ to premiere at Berlin Film Festival BERLIN: Zoya Akhtar’s next directorial “Gully Boy” will have its world premiere at the 2019 Berlin Film Festival. The film, starring Ranveer Singh and Alia Bhatt in the lead roles,...
  • Tough times for desi comics, but it’s getting better NEW DELHI: While Batman, Superman, Deadpool and Hulk among other comic book heroes can be found pretty much at every stall at the Delhi Comic Con, but where the Indian...
  • Alia, Varun are kids’ favorites Alia Bhatt, Deepika Padukone, Sonakshi Sinha, Varun Dhawan, Kartik Aryan and Ishaan Khatter walked the orange carpet of the Nickelodeon Kids’ Choice Awards 2018. From the looks of it, it...
  • Need to respect art in public places: Puri NEW DELHI: Union Minister Hardeep Singh Puri has emphasized on the need to create an environment in the national capital where people respect and value public art. At the second...
  • Sanctuary Award for conservationist Imran Siddiqui NEW DELHI: Hyderabad-based conservationist Imran Siddiqui has been honored with this year’s Sanctuary Wildlife Service Award, Wildlife Conservation Society (WCS) has said. Siddiqui, who is an Assistant Director for Conservation...
  • Many Indians learning Korean language NEW DELHI: Popularity of Korean language in India seems to be growing with many youngsters learning it after being fascinated by K-pop, a popular genre of music of that country....

US home sales fell 2.5% in April

US home sales fell 2.5% in April
May 31
10:32 2018

WASHINGTON: U.S. sales of existing homes tumbled 2.5 percent in April with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market.
The National Association of Realtors has said that homes sold last month at a seasonally adjusted annual pace of 5.46 million, down from 5.60 million in February. Home sales have dropped 1.4 percent over the past year, largely because the number of sales listings has declined 6.3 percent.
The relatively healthy job market has bolstered demand to purchase homes. But the inventory shortage, rising prices and higher mortgage costs are weighing on the real estate market.
The dearth of homes for sale and climbing mortgage rates has amplified the competition for buying a home. Homes lasted a median of just 26 days on the market in April, down from 39 days a year ago. Buyers are eager to close sales before higher borrowing costs further erode the affordability of their homes.
Mortgage buyer Freddie Mac said the interest charges on a 30-year, fixed rate mortgage averaged 4.66 percent this week, the highest level since May 2011.
With supply levels so low, the median sales price has risen 5.3 percent from a year ago to $257,900.
Home sales in April fell in the Northeast, South and West. Sales were unchanged in the Midwest. AP

Comments

comments

Related Articles

ADVERTISEMENT

IMPORTANT

Please disable your ad blocker to view this site at it’s best, we do not display spam advertisements (Popups & full Page Ads) or any explicit material.
Advertisements serve as a minor source of income for maintaining the website.
Thanks

Submit Feedback – Website Department 

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

Follow us on twiter



Polls

Will PM Narendra Modi now show some humility?

View Results

Loading ... Loading ...


E-paper

POPULAR CATEGORIES

Subscribe To Our Mailing List

Enter your email address:

Delivered by FeedBurner

Subscribe to IndiaPost by Email

Facebook

Download Media Kit