Seller’s market: Prices of US existing homes hit record high
Al Jazeera
The median price of a previously owned home in the US topped $350,000 for the first time on record in May, as a shortage of single family homes make it a seller’s market.
It is what’s known in the trade as a “seller’s market”. The average price of a previously owned home in the United States crossed $350,000 for the first time ever in May, surging 23.6 percent from a year earlier, the National Association of Realtors (NAR) said on Tuesday. Every region of the country registered price increases in sales of existing homes last month, marking 111 consecutive months of year-over-year gains dating back to 2012.
Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge.
At least four people have been killed in the attack on the Basta neighbourhood, according to the Health Ministry.
A series of unexplained incidents causing damage to pipelines and cables in the Baltic Sea has occurred in the past two years. Could this be a new form of underwater warfare?
The hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs.
Cola Gaza offers its drinkers an ‘apartheid-free’ alternative as they boycott big-name brands.
These were the key developments on the 1,003rd day of the Russia-Ukraine war.
Defectors from Myanmar’s military and police are learning skills that could put them on a new path after years of war.
World Health Organization says 226 health workers, patients killed in Lebanon since start of Israel’s war on Hezbollah.
UN health agency says its decision is ‘based on the rising number and continuing geographic spread of cases.’
In a new interview, the scandal-plagued Gaetz reaffirmed his commitment to being a member of Trump’s ‘America First army’.