Hikes Heard ‘Round the World, Unsurprisingly Horrible, and Shrinking Shrink 6/22/23
The Exchange
00:00
The Slowdown in Home Sales
Existing home sales didn't move from April and they were down just over 20 percent from May of last year supply is still the big problem. Homes that went under contract likely in March and April mortgage rates were choppy during that period but builders are saying buyers are getting used to the new normal of higher rates. Michael Lasser says we could see some improvement for some companies now including CVS, Dollar Tree and Walmart.
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Transcript
