New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: US Existing Home Sales Reach 30-Year Lows Despite Strong Demand from Millennial ...
US Existing Home Sales Reach 30-Year Lows Despite Strong Demand from Millennial Buyers
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#e535966b ver:0.64
US existing home sales reached 30-year lows in May, declining 0.7% despite strong demand from millennial buyers. Rising mortgage rates have slowed down the housing market recovery, with sales dropping in the South and remaining unchanged in other regions. However, there has been an increase in housing inventory, and the median sales price reached a record high. The recent decline in mortgage rates and increased housing supply are expected to support a modest rebound in home sales. #RealEstate #HousingMarket #HomeSales...
#newstr #ExistingHomeSales #MillennialBuyers #RealEstate #Economy
https://here.news/story/e535966b?ver=0.64
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#e535966b ver:0.64
US existing home sales reached 30-year lows in May, declining 0.7% despite strong demand from millennial buyers. Rising mortgage rates have slowed down the housing market recovery, with sales dropping in the South and remaining unchanged in other regions. However, there has been an increase in housing inventory, and the median sales price reached a record high. The recent decline in mortgage rates and increased housing supply are expected to support a modest rebound in home sales. #RealEstate #HousingMarket #HomeSales...
#newstr #ExistingHomeSales #MillennialBuyers #RealEstate #Economy
https://here.news/story/e535966b?ver=0.64