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:0.67
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, with the average rate on a 30-year fixed mortgage reaching 7.22%, has contributed to the challenges in the housing market. However, rates dropped to just below 7.0% by the end of the month. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers
https://here.news/story/e535966b?ver=0.67
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#e535966b ver:0.67
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, with the average rate on a 30-year fixed mortgage reaching 7.22%, has contributed to the challenges in the housing market. However, rates dropped to just below 7.0% by the end of the month. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers
https://here.news/story/e535966b?ver=0.67