Unexpectedly collapses the number of home sales in the US. Among the causes that prevent the recovery of the US real estate market are an increase in mortgage payments and a lack of funds.
Sales of existing homes in the US in June recorded a -1,2% (5,08 million units in total). The figure is decidedly worse than the expectations of analysts who expected an increase of 1,9% to 5,28 million. Average trade prices increased 13,5% to $214.200. This was reported by the Association of Real Estate Agents of the USA. The number of homes for sale at the end of the month was not as low as June 2001, when rising housing market prices led to cheaper homes disappearing from the market.
Last week, Fed Chairman Bernanke stressed the importance of the housing market for the country's growth.
