(Reuters) -The purchase of a house that I had previously owned has decreased in December to snap the four -month consecutive victory.
The National Real Estate Association (NAR) stated on Thursday that the housing sales index, which is being held on Thursday, has fallen 5.5 % from 78.5 to 74.2 downward of 78.5 in November. Economist voted by Reuters stated that it would be sales 1-2 months later in December after increasing 1.6 % in November.
Housing sales on hold have decreased by 5.0 % since the previous year. On a regional basis, signatures decreased every month and year in all four regions. The decrease in the month was led by a decline of 8.1 % in the northeast and a 10.3 % slide in the western part.
“It’s not a welcome news to retreat after four consecutive months of the contract signature, but it’s not completely surprising,” said NAR’s Chief Economist Lawrence Yoon.
According to the Mortgage Banking Association, the popular 30 -year -old mortgage rates have risen over 7 %.
The 10 -year US Treasury, which is the largest influence on determining most mortgages, has risen rapidly since the Fedb’s top reduction. It happened because the bond market investors were concerned about how President Donald Trump could feed on high inflation, such as customs duties, tax reductions, and suppression of immigrants. 。
(Report by Dan Burns, editing by Andrea Rich)
