Bright spot...
The resurgence of the housing market has been a bright spot for the U.S. economy, contributing to employment, investment and overall growth, Jeffrey Sparshott reports on wsj.com.
But by many measures it remains well below historical norms, highlighting the severity of the bust while also factoring into low inventories and rising prices, he wrote.
Sales of existing homes rose to their highest level in more than nine years and prices climbed to a new peak in May, underscoring strong demand amid steady job creation and low interest rates, Sparshott added.
For more, including nine interesting charts: http://blogs.wsj.com/economics/2016/06/23/the-u-s-housing-market-in-9-charts/
For the latest results for the Darien and Rowayton housing markets , see my reports from Friday and Saturday.
Photo: Pinterest.
Existing home sales and prices reached nine year peaks in May.
But by many measures it remains well below historical norms, highlighting the severity of the bust while also factoring into low inventories and rising prices, he wrote.
Sales of existing homes rose to their highest level in more than nine years and prices climbed to a new peak in May, underscoring strong demand amid steady job creation and low interest rates, Sparshott added.
For more, including nine interesting charts: http://blogs.wsj.com/economics/2016/06/23/the-u-s-housing-market-in-9-charts/
For the latest results for the Darien and Rowayton housing markets , see my reports from Friday and Saturday.
Photo: Pinterest.
Nice one. Very impressive details. Thank you very much.
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Thank you. Appreciate your comments.
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