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:0.65
US existing home sales fell for the third straight month in May due to high prices and rising mortgage rates. Sales dropped by 0.7% to 4.11 million units, while housing inventory increased by 6.7%. Median home prices reached a record high of $419,300. First-time buyers accounted for 31% of sales, and all-cash sales made up 28% of transactions. Mortgage rates peaked at 7.22% before dropping to just below 7.0%. Despite the challenges, the US economy is expected to see a boost in June. #RealEstate #HousingMarket #Economy...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers
https://here.news/story/e535966b?ver=0.65
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#e535966b ver:0.65
US existing home sales fell for the third straight month in May due to high prices and rising mortgage rates. Sales dropped by 0.7% to 4.11 million units, while housing inventory increased by 6.7%. Median home prices reached a record high of $419,300. First-time buyers accounted for 31% of sales, and all-cash sales made up 28% of transactions. Mortgage rates peaked at 7.22% before dropping to just below 7.0%. Despite the challenges, the US economy is expected to see a boost in June. #RealEstate #HousingMarket #Economy...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers
https://here.news/story/e535966b?ver=0.65