US EditionMay Home Sales Barely Move as High Mortgage Rates, Prices, Weigh on Housing Market
- The number of previously owned homes sold in May 2025 increased by 0.8% from April, reaching an annualized, seasonally adjusted total of 4.03 million units nationwide.
- This slight increase followed a significant year-over-year drop of 0.7%, driven by persistently high mortgage rates and increased housing supply.
- Sales rose in the Northeast by 4.2%, Midwest, and South, while sales in the West fell 5.4%, with condo prices and sales varying regionally.
- Ali Wolf noted that numerous consumers debating whether to purchase immediately or hold off are opting to delay their decision due to economic uncertainty.
- The housing market shows modest recovery signs but remains constrained by affordability challenges, which suggests continued cautious buying behavior and supply-demand imbalances.
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84 Articles
84 Articles
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Left
16
Center
28
Right
11
We are almost forbidden to talk about immigration just to talk about immigration, while the housing problem is growing, with the contributions of the governments themselves.
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Coverage Details
Total News Sources84
Leaning Left16Leaning Right11Center28Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 29%
C 51%
R 20%
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