if you are interested in it , Get free samples :sales@edabearings.com

Housing sales in the United States rose for second consecutive months in March as property markets in the northeast and Midwest rebounded in the United States, but the shortage of housing and rising prices were still a major impediment to the housing market at the start of the spring sales season.
The US Real Estate Association (NAR) reported on Monday that sales of home sales increased by 1.1% over the previous month, and that the seasonally adjusted annual rate was 5 million 600 thousand. In February, the annual rate was confirmed to be 5 million 540 thousand.
Housing sales, which account for about 90% of American housing sales, fell 1.2% in March. Sales in the northeast region increased by 6.3% last month, while sales in the Midwest jumped by 5.7%. The impact of bad weather declined in February.
Sales in the southern region, which was the most concentrated in housing sales, fell by 0.4% last month and 3.1% in the western region.
There is a serious shortage of housing supply, especially in the low price housing market. According to NAR data, housing sales in March less than $100 thousand decreased by 21% compared with the same period last year. Housing sales between $100 thousand and $250 thousand dropped by 8%, while sales of 250 thousand to 750 thousand dollars rose 4%.
Rising housing prices and rising mortgage interest rates are a constraint on first-time home buyers, who have largely been squeezed out of the market. Last month, the proportion of first-time homebuyers in total turnover was 30%, up from 29% in February, but lower than 32% in the same period last year.
Economists believe that some buyers who have not yet decided to buy a house are pouring into the market, eager to finish buying a purchase, worrying about a further rise in house prices and mortgage interest rates. The fixed interest rate for us 30 year mortgages is about 4.47%, the highest level since January 2014.
The US Federal Reserve (FED/) raised interest rates last month in the context of tight labor market and expansionary fiscal policy. The Fed expects to raise interest rates at least two times this year, suggesting that mortgage interest rates may rise further.

---

PREVIOUS:The Politburo meeting releases the fine-tuning signal currency monetary keynote        NEXT:Google parent Alphabet's quarterly profits are better than Wall Street's expecta