The American real estate market could be headed for trouble. According to Reuters, the number of houses sold in the U.S. during December 2017 have come in at an all-time low.
Additionally, single-family homes fell 11.8% while multi-family home sales rose only 1.4%. This is especially problematic as 83% of homebuyers report a high demand for single-family homes. However, American economists say the decline is understandable what with rising mortgage rates and the grand majority of the public being fully employed.
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