Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

  • The dollar volume of homes purchased by foreigners from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors.
  • Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 properties valued at $121 billion a year earlier.
  • “The magnitude of the decline is quite striking, implying less confidence in owning a property in the U.S.,” the Realtors’ chief economist says.

Source: CNBC

Passenger car registrations: -3.1% first half of 2019; -7.8% in June

In June 2019, new car registrations in the European Union fell by 7.8% to 1,446,183 units. To a large extent, this drop can be attributed to a negative calendar effect. On average, June only counted 19 working days across the EU this year, compared to roughly 21 days in 2018. As a result, the five major EU markets all posted declines, especially France (-8.4%) and Spain (-8.3%).  Source ACEAA