Second Hand House Sales in the USA are at the Highest Level!

Second Hand House Sales in the USA are at the Highest Level!

Second hand house sales in the USA are at the highest level. Second hand sales in the country increased by a record 24.7 percent in July. Second-hand home sales in the United States grew 24.7 percent in July, the biggest increase of all time, to 5.86 million. According to the median expectations of economists surveyed by Bloomberg, sales were up 14.6 percent to 5.41 million. This recovery in the housing market, which continues to provide a fundamental support for the economic recovery, causes a decline in mortgage rates. Estimates of the 60 economists surveyed ended in the range of 4.88 to 6.01 million. June data changed from 4.72 million to 4.70 million. Thus, the increase in June occurred at the level of 20.2 percent. Housing stocks decreased to 1.5 million with this movement. "The housing market has passed its rebound and is now booming," said NAR's chief economist, Lawrence Yun.