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May home sales barely move as high mortgage rates, prices, weigh on housing market
Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase.
The drop in existing-home sales counters the positive numbers in new-home sales announced this week. New homes sold at an annual rate of 724,000 in March, a 6% rise compared to the same ...
Sales of existing US homes pulled back more than expected in March, logging their biggest drop since late-2022 according to industry data released Thursday, as high mortgage rates weighed on ...
Existing-home sales in the US slumped to one of the slowest paces since 2010 in June, as sellers wait for mortgage rates to fall further and buyers balk at stubbornly high prices.
U.S. existing home sales last year dropped to their lowest level since 1995. Hotspots ranked Start the day smarter ... US existing home sales in 2024 drop to lowest level since 1995.
Sales of existing US homes fell last month for the first time since September, as the combination of high mortgage rates and prices sets a grim backdrop heading into the crucial spring selling ...
Despite the April slowdown, year-to-date sales are down just 3.5% compared to the first four months of 2024, buoyed by strong ...
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