US Home Sales Decline for Third Consecutive Month as Housing Market Struggles
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#e535966b ver:0.63
US existing home sales declined for the third consecutive month in May, with a 0.7% drop, as the housing market struggles. Rising mortgage rates have slowed down the recovery, leading to a decline in sales and housing starts. However, there has been an increase in housing inventory, although entry-level homes remain scarce. The median sales price reached a record high of $419,300, attributed to limited supply and high demand. The Federal Reserve's decision to keep interest rates high is impacting mortgage costs, but a decline in rates is expected to support a modest rebound in home sales. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsEconomy #HousingMarket #Manufacturing #HomeSales #MortgageRates #FederalReserve #EconomicRecovery
https://here.news/story/e535966b?ver=0.63
New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers /
npub1ml…t9wmj
2024-06-22 04:57:15
Author Public Key
npub1ml95ymm22zfes8hdflxyvhgsd2pwlrcrrleafytm4tp4h5ersn6qft9wmjPublished at
2024-06-22 04:57:15Event JSON
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"content": "US Home Sales Decline for Third Consecutive Month as Housing Market Struggles\n===============\t\n#e535966b ver:0.63\n\nUS existing home sales declined for the third consecutive month in May, with a 0.7% drop, as the housing market struggles. Rising mortgage rates have slowed down the recovery, leading to a decline in sales and housing starts. However, there has been an increase in housing inventory, although entry-level homes remain scarce. The median sales price reached a record high of $419,300, attributed to limited supply and high demand. The Federal Reserve's decision to keep interest rates high is impacting mortgage costs, but a decline in rates is expected to support a modest rebound in home sales. #RealEstate #HousingMarket #MortgageRates...\n\n#newstr #UsEconomy #HousingMarket #Manufacturing #HomeSales #MortgageRates #FederalReserve #EconomicRecovery \n\n https://here.news/story/e535966b?ver=0.63",
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