U.S. real estate sales dropped more than expected

Home sales in the US reduced in June more than analysts expected. The properties shortage led to the prices growth to its maximum. Experts suggest that the real estate market was fighting to restore its speed. Sales in real estate fell down by 1,7% to 5,27 million in June. The median price of houses raised 4,3% year-on-year to its high of $285,700 last month. Housing is considered as the weakest field of economy. It, together with manufacturing, offset high consumer spending which can lead to a slowdown in economics. Thus, the Federal Reserve may cut interest rates very soon this year. 

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: