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New Home Sales In U.s. Fell To A 1.072 Million Pace

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New Home Sales in U.S. Fell to a 1.072 Million Pace

``There is no question we have what could be called a housing recession,'' said James O'Sullivan, a senior economist at UBS Securities LLC in Stamford, Connecticut, who forecast a drop to 1.075 million. ``I don't think we've seen the full effect of this yet on the overall economy.''

They are hoping for rate cuts in the US before the end of the year to stop the house price crash, but can the Feb oblige if inflation stays/goes up?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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