U.S. pending home sales dip for seventh time in 2022 as rates rise

A “Sold” sign in the window of a home under construction in the Ellerbe Estates subdivision in Dalzell, South Carolina, U.S., on Tuesday, July 6, 2021. U.S. pending home sales unexpectedly rose in May by the most in nearly a year as low borrowing costs paired with increased listings bolstered demand. Photographer: Micah Green/BloombergMicah Green/Bloomberg … Read more

U.S. sales of previously owned homes decline for a seventh month

Sales of previously owned U.S. homes fell for the seventh straight month in August as rising mortgage rates continued to erode affordability and deal a considerable blow to the housing market.  Contract closings fell 0.4% to an annualized pace of 4.8 million, the weakest since May 2020, figures from the National Association of Realtors showed … Read more

Mumbai sees 122 Covid cases, seventh time addition to tally over 100 in May

Mumbai on Tuesday reported 122 COVID-19 cases, a steep rise from the 63 cases detected a day earlier and the seventh time the daily addition to the tally was above the 100-mark this month, a civic official said. The tally in the metropolis reached 10,60,914 and the fatality count remained unchanged at 19,563, … Read more