net_left adver left

U.S. existing home sales slide again in June

Thursday, July 21, 2022

NEW YORK (Reuters) - U.S. existing home sales fell for a fifth straight month in June to the lowest level in two years as record-high prices and fast-rising interest rates make buying a home too expensive for a growing share of American households.

Sales of previously owned homes fell 5.4% to a seasonally adjusted annual rate of 5.12 million units last month, the lowest level since June 2020 when sales were rebounding from the COVID-19 lockdown slump, the National Association of Realtors said on Wednesday. Sales have now fallen each month since January.

Economists polled by Reuters had forecast sales decreasing to a rate of 5.38 million units. Sales were unchanged in the Northeast and fell in the Midwest, the West and South.

Home resales, which account for nearly 90% of U.S. home sales, dropped 14.2% on a year-on-year basis.

The median existing house price climbed by 13.4% from a year earlier to an all-time high of $416,000 in June. Sales remained concentrated in the upper-price end of the market amid a paucity of entry-level houses.

"Falling housing affordability continues to take a toll on potential home buyers," NAR Chief Economist Lawrence Yun said in a statement. "Both mortgage rates and home prices have risen too sharply in a short span of time."

There were 1.26 million previously-owned homes on the market, up 9.6% from May and up 2.4% from a year earlier. With demand cooling, monthly supply is likely to continue steadily improving. The government reported on Tuesday that housing completions in June decreased 4.6%, but the backlog of homes yet to be built hovered near record highs.

At June's sales pace, it would take 3.0 months to exhaust the current inventory of existing homes, up from 2.6 months a year ago. A six-to-seven-month supply is viewed as a healthy balance between supply and demand.

Properties typically remained on the market for 14 days, the shortest ever. First-time buyers accounted for 30% of sales, up from 27% in May. All-cash sales made up 25% of transactions.

The housing market, which is very sensitive to interest rates, has softened notably this year as the Federal Reserve lifts rates aggressively to blunt inflation that is running at its highest pace in four decades.

The average contract rate on a 30-year fixed-rate mortgage climbed to nearly 6% in June, according to the Mortgage Bankers Association, up from about 3.3% at the start of the year, which has put home purchases out of reach for a growing number of prospective buyers, particularly first-time purchasers. The rate in the latest week was 5.82%, MBA said earlier on Wednesday.

While it is unclear how much higher mortgage rates will climb, it's almost certain they will remain high for some time with the Fed set to raise interest rates again at its policy meeting next week and more hikes to come through the end of the year.

An Oxford Economics index out last week showed homes were the least affordable in the first quarter of 2022 at any time since the 2007-2009 financial crisis, and it forecast that picture would worsen through the rest of this year.

Meanwhile, a survey out on Monday showed the National Association of Home Builders/Wells Fargo Housing Market Index suffering its second-largest drop on record in July, with a gauge of prospective buyer traffic falling below the break-even level of 50 for a second straight month.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
16-08-2022 19:51:44 (UTC+7)

EUR/USD

1.0139

-0.0021 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0139

-0.0021 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.2036

-0.0018 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

USD/JPY

134.65

+1.33 (+0.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6999

-0.0023 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/CAD

1.2899

-0.0006 (-0.04%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

EUR/JPY

136.51

+1.05 (+0.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9645

+0.0031 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,787.20

-10.90 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

19.880

-0.392 (-1.93%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Copper Futures

3.6130

-0.0045 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

89.45

+0.04 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

94.94

-0.16 (-0.17%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Natural Gas Futures

9.235

+0.507 (+5.81%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

224.40

-1.10 (-0.49%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (5)

Euro Stoxx 50

3,791.45

+1.83 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,297.14

+16.99 (+0.40%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

DAX

13,843.23

+26.62 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,551.60

+42.45 (+0.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Hang Seng

19,830.52

-210.34 (-1.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

US Small Cap 2000

2,020.40

+7.30 (+0.36%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,487.50

+60.50 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

BASF SE NA O.N.

44.182

+0.122 (+0.28%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Bayer AG NA

54.03

+0.47 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Allianz SE VNA O.N.

179.58

+0.80 (+0.45%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (6)

Adidas AG

170.34

-2.60 (-1.50%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.727

-0.007 (-0.10%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Siemens AG Class N

111.24

-0.96 (-0.86%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (11)

Deutsche Bank AG

9.005

+0.063 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

 EUR/USD1.0139Neutral
 GBP/USD1.2036Neutral
 USD/JPY134.65↑ Buy
 AUD/USD0.6999↑ Sell
 USD/CAD1.2899Buy
 EUR/JPY136.51↑ Buy
 EUR/CHF0.9645↑ Buy
 Gold1,787.20↑ Sell
 Silver19.880↑ Sell
 Copper3.6130↑ Sell
 Crude Oil WTI89.45↑ Sell
 Brent Oil94.94↑ Sell
 Natural Gas9.235↑ Buy
 US Coffee C224.40Neutral
 Euro Stoxx 503,791.45↑ Sell
 S&P 5004,297.14Neutral
 DAX13,843.23↑ Sell
 FTSE 1007,551.60↑ Sell
 Hang Seng19,830.52↑ Buy
 Small Cap 20002,020.40↑ Buy
 IBEX 358,487.50↑ Sell
 BASF44.182↑ Sell
 Bayer54.03↑ Sell
 Allianz179.58↑ Sell
 Adidas170.34↑ Sell
 Lufthansa6.727Buy
 Siemens AG111.24↑ Sell
 Deutsche Bank AG9.005↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,580/ 6,680
(-10/ -10) # 1,639
SJC HCM6,600/ 6,700
(-10/ -10) # 1,659
SJC Hanoi6,600/ 6,702
(-10/ -10) # 1,661
SJC Danang6,600/ 6,702
(-10/ -10) # 1,661
SJC Nhatrang6,600/ 6,702
(-10/ -10) # 1,661
SJC Cantho6,600/ 6,702
(-10/ -10) # 1,661
Cập nhật 16-08-2022 19:51:46
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,775.14-3.34-0.19%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.15-1.35-1.54%
Brent$94.53-1.57-1.69%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.230,0023.540,00
EUR23.145,5524.441,71
GBP27.456,8428.627,78
JPY171,08181,12
KRW15,4318,80
Cập nhật lúc 18:54:08 16/08/2022
Xem bảng tỷ giá hối đoái
adver main right