
Global Property Investor – U.K. Property Market Surges Following Interest Rate Cut
USA The U.S. existing home sales are declining due to rising mortgage rates and affordability issues. However, July 2024 saw a 1.3% sales increase, with the median price hitting a record $422,600. Inventory also increased to a 4.0-month supply, potentially giving buyers more leverage. Source: Prices still at record levels as existing-home sales inch up U.K.…