Published 2 years ago

U.S. existing-home sales fall for the fifth straight month in June

Summary by Ground News

The number of homes on the market rose 9.6% to 1.26 million units in June. This is up 2.4% from a year ago, the first year-over-year gain in three years. There was a 3-month supply of homes for sale in June, up from 2.6 months in May.

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OC Register

Existing-home sales drop a 5th month to a 2-year low

Sales of previously owned US homes fell in June to a two-year low as a surge in borrowing costs continues to erode affordability.

2 years ago·Orange County, United States

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The Gateway Pundit

BIDEN ECONOMY: US Existing Home Sales Drop for 5th Straight Month But Inflation Keeps the Price of Homes at Record Highs

The sales of existing homes decreased for the 5th straight month. However, the price of homes has remained at all-time highs due to inflation.Bloomberg reported on the housing markets:Sales of previously owned US homes fell in June to a two-year low as a surge in borrowing costs continues to erode affordability.Contract closings fell 5.4% from May to an annualized 5.12 million, figures from the National Association of Realtors showed Wednesday.…

2 years ago·United States

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MarketWatch

U.S. existing-home sales fall for the fifth straight month in June

U.S. existing-home sales fell 5.4% to a seasonally adjusted annual rate of 5.12 million in June, the National Association of Realtors said Wednesday.

2 years ago·United States

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Central Penn Business Journal

US existing-home sales decline for the fifth straight month - Central Penn Business Journal

Across the country, existing-home sales in June fell for the fifth consecutive month to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors reported Wednesday.The post US existing-home sales decline for the fifth straight month appeared first on Central Penn Business Journal.

2 years ago·Harrisburg, United States

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oakdaleleader.com

Foreign Investment in U.S. Existing-Home Sales At $59 Billion

Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5 percent increase from the previous 12-month period and stopping a three-year skid in foreign investment in U.S. residential real estate.

2 years ago

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