US secondary housing market recorded a 2.4% increase in sales in May

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In the US secondary housing market, 5.34 million homes were sold in May, which is 2.4% more than in the same month a year earlier, the National Association of Realtors reported. Economists estimate that the figure was expected to be at the level of 5.21 million homes. A house in the secondary market last month averaged 277.7 thousand dollars, its price for the year increased by 4.8%. In May, 4.75 million single-family homes were sold. In annual terms, the figure increased by 2.6%. Sales of apartment buildings rose by 1.7%, reaching 590 thousand. Of the total number of Americans who purchased property, 32% bought it for the first time. The share of Americans who made the purchase without attracting credit was 19%. Investors accounted for 13% of the total number of buyers.

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