1381 - Home Sales Bottom Out to Near-Record Low as Prices Continue to Climb by Moriah Costa
BiggerPockets Daily
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Analysis of Declining Home Sales and Rising Prices in May
This chapter covers the decrease in home sales in May to near-record low levels, with factors such as high prices, elevated mortgage rates, and a housing shortage contributing to the decline. Data from Redfin shows a decrease in home sales compared to the previous month and a year over year decrease, alongside a significant increase in median sale price and average 30-year fixed rate mortgage.
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