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Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers_我的网站

A |     LOS ANGELES -- Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market.Existing home sales fell 2% last month from August to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors said Thursday. That’s just above the 3.9 million unit pace that economists were expecting, according to FactSet.Sales sank 15.4% compared with the same month last year and are down 21% through the first nine months of the year versus the same period in 2022.Despite the housing market slump, home prices kept climbing versus a year ago. The national median sales price rose 2.8% from September last year to $394,300. It slipped 3.1% from August.“Clearly, the story of limited inventory and rising and rising mortgage rates continues to hinder the home sales market,” said Lawrence Yun, the NAR’s chief economist.The weekly average rate on a 30-year mortgage moved above 7% in August, when many of the home sales that were finalized in September would have gone under contract. It has remained above that threshold since, surging last week to 7.57%, the highest level since 2000, according to mortgage buyer Freddie Mac.High rates can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market already out of reach for many Americans. They also discourage homeowners who locked in rock-bottom rates two years ago from selling.While surging mortgage rates have shut out many prospective buyers, a chronic shortage of homes for sale continues to keep the market competitive, especially for the most affordable homes.Homes sold last month typically within just 21 days after hitting the market, and about 26% of homes sold for more than their list price, the NAR said.All told, there were 1.13 million homes on the market by the end of last month, up 2.7% from August, but down 8.1% from September last year, the NAR said. That amounts to just a 3.4-month supply, going by the current sales pace. In a more balanced market between buyers and sellers, there is a 4- to 5-month supply.。

B |     Dhaka, Oct 12 (UNI) Inflation in Bangladesh accelerated to 9.52 per cent in August, the highest in 10 years, mainly driven by higher food prices, the Bangladesh Bureau of Statistics (BBS) has reported.

In addition, the country's overall inflation eased slightly to 9.10 per cent in September, according to Planning Minister MA Mannan on Tuesday.

Data showed that food inflation soared to 9.94 per cent in August, the highest since April of 2012, and eased slightly to 9.08 per cent in September.

Non-food items inflation, however, increased to 9.13 per cent in September from 8.85 percent in August, the data showed.

Due to higher food prices amid uncertainties stemming from the Russia-Ukraine conflict, Mannan said inflation has been on an upward trend over the past several months in Bangladesh.

He stressed the need for bolstering food production domestically to rein in soaring food prices.

Mannan, however, expressed his satisfaction with the decrease in CPI in September, saying it's good news for the government as it tried to rein in inflation in line with the budgetary target.

In June, the country unveiled a record nearly 7 trillion-taka (about 70 billion U.S. dollars) national budget for the 2022-23 fiscal year starting in July and the government said it is committed to containing the rising trend of inflation by addressing inconsistencies between supply and demand.

According to the budget proposal, Bangladesh is targeting an average inflation rate of 5.6 per cent in the new fiscal year.
UNI/XINHUA ING。

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