New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: US Home Sales Decline Amid Record High Prices and Mortgage Rates =============== ...
US Home Sales Decline Amid Record High Prices and Mortgage Rates
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#e535966b ver:0.72
US home sales decline for the third consecutive month due to record-high prices and mortgage rates, with sales dropping by 0.7% in May. The average rate on a 30-year fixed mortgage reached 7.22% before dropping to just below 7.0%. Despite the decline in sales, housing inventory increased by 6.7%. The median price of existing homes surged by 5.8% to a record high of $419,300. Experts predict that home prices will continue to rise due to high demand and low supply, and the housing market may remain 'stuck' until 2026. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsHomeSales #HousingMarket #MortgageRates #HomePrices #FederalReserve
https://here.news/story/e535966b?ver=0.72
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#e535966b ver:0.72
US home sales decline for the third consecutive month due to record-high prices and mortgage rates, with sales dropping by 0.7% in May. The average rate on a 30-year fixed mortgage reached 7.22% before dropping to just below 7.0%. Despite the decline in sales, housing inventory increased by 6.7%. The median price of existing homes surged by 5.8% to a record high of $419,300. Experts predict that home prices will continue to rise due to high demand and low supply, and the housing market may remain 'stuck' until 2026. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsHomeSales #HousingMarket #MortgageRates #HomePrices #FederalReserve
https://here.news/story/e535966b?ver=0.72