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Home sales are on track to rise 10 percent this year to their highest level in five years, buoyed by ultra-low mortgage rates and steady job gains. The Realtors group forecasts that sales may rise in ...
Sales last month in the South, the biggest US homebuilding region, slumped 21%, the most in nearly 12 years. Contract signings in the West and Midwest also fell, while they rose in the Northeast.
Consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy.
By region, previously owned home sales in the South, the country’s biggest home-selling region, increased 1.7% to an annualized 1.84 million homes. Sales also rose in the Northeast and Midwest.
Pending sales of previously owned homes in the US rose 1.8% in May to 72.6, beating economists' expectations. The increase was attributed to the resilience of the US labor market, with wage gains ...
Supply surged 20.3% from a year ago. The median existing home price rose 1.3% from a year earlier to $422,800 in May, an all-time high for the month.