US housing in the doldrums
Author: Prashant Gopal, Ronda Kaysen
The US housing market has suffered its worst spring selling season in 13 years, says Prashant Gopal on Bloomberg. April to June is moving season, with the period as decisive for property firms as Christmas is for retailers. After two years blighted by high interest rates, analysts had predicted a 2025 boom (US rate cuts, currently on hold, began in September last year). Yet fewer contracts were signed this spring than in any year since 2012. Despite sluggish activity, prices remain elevated and ...