US home sales have fallen into a severe crisis zone

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US home sales have fallen into a severe crisis zone
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10 Proven Strategies to Improve Your Lead Conversion RateSales in the secondary housing market in the US have fallen to an annualised pace of 3.96 million. At the peak of the downturn, the figure managed to stay above 4 million. Only during the darkest times for the US economy, during the global financial crisis, have secondary home sales been below that level.

In previous episodes of modern history, such low sales have coincided with problems in other sectors, forcing the Fed or the government to stimulate abundant demand. But don’t expect that to happen this time. It now appears that the central bank will look past the collapse in sales in the coming months. There is still a need to contain inflation, even if the process is initially hypertrophied in the housing sector.

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