Specifically, the Committee intends to
purchase Treasury securities with remaining maturities
of 6 years to 30 years at the
current pace and to sell or redeem an equal amount
of Treasury securities with remaining maturities
of approximately 3 years or less.
Sales rose most in the Midwest, where the contract closings climbed 3.8 percent to a 1.35 million
pace from the prior month At the
current pace, it would take 4.6 months to sell out housing inventory, compared with 4.7 months in May; less than a five months» supply is a tight market, the Realtors group has said Properties were on the market for 34 days in June, the same as year ago Single - family home sales climbed 0.8 percent to an annual rate
of 4.92 million while
purchases of multifamily properties increased 3.2 percent to a 650,000
pace First - time buyers accounted for 33 percent
of all sales, up from 30 percent in May and the highest share since July 2012 Sales driven in gains among most expensive homes, NAR's Yun said.