Sales: House Sales and Peak Level

sales: New data by property research firm Core Logic shows that while mortgage rates have reached their lowest level since the 1950s, house sales have fallen steeply too, even as values start climbing, according to Nine News Australia. Over the twelve months to August 2019, house sales fell 17 percent and are about 30 percent below the peak level of sales recorded in September 2015. To improve your experience update it here News National The paradox making it hard to buy a home even with interest rates near zero By Stuart Marsh Senior Producer1 53pm Sep 26, property market is showing signs of life after nearly two years of plummeting prices, but that doesn't mean owners are rushing to cash in. Over the twelve months to August 2019, house sales have fallen 17 percent, and are about 30 percent below the peak level of sales recorded in September 2015. Tim Lawless, Head of Research at Core Logic, said the low rate of sales represented a paradox in the market. AAP Effectively, owners are holding off putting properties on the market despite their value rising. (news.financializer.com). As reported in the news.