US Home Sales Market Dropped in December

US Home Sales Market Dropped in December
Newly constructed single family homes are shown for sale in Encinitas, Calif., on July 31, 2019. Mike Blake/Reuters File Photo
|Updated:

Home sales across the United States fell in December for the first time in four months as higher prices and low housing stock continued to shut out first-time buyers.

First-time buyers accounted for 30 percent of sales last month, compared to 31 percent a year earlier.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics