New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: US Existing Home Sales Fall for Third Straight Month as Record-High Prices and Rising ...
US Existing Home Sales Fall for Third Straight Month as Record-High Prices and Rising Mortgage Rates Depress Market
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#e535966b ver:0.66
US existing home sales fell for the third straight month in May due to record-high prices and rising mortgage rates, with sales dropping by 0.7% to 4.11 million units. Despite an increase in housing inventory, the median price of existing homes reached a record high of $419,300. The surge in mortgage rates earlier in May contributed to the challenges in the housing market, but rates dropped by the end of the month. However, a recent S&P survey suggests a potential boost for the US economy and the Fed's policies, with expansion in June set to hit a 2-year high and employment surging. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers
https://here.news/story/e535966b?ver=0.66
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#e535966b ver:0.66
US existing home sales fell for the third straight month in May due to record-high prices and rising mortgage rates, with sales dropping by 0.7% to 4.11 million units. Despite an increase in housing inventory, the median price of existing homes reached a record high of $419,300. The surge in mortgage rates earlier in May contributed to the challenges in the housing market, but rates dropped by the end of the month. However, a recent S&P survey suggests a potential boost for the US economy and the Fed's policies, with expansion in June set to hit a 2-year high and employment surging. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers
https://here.news/story/e535966b?ver=0.66