, an economic indicator that measures the change in value of US single-family homes, jumped by 5.9% year-over-year, the third month in a row that the index has posted a new record, with annualized growth dropping slightly compared to April.
We've got Lawrence Y who is the National Association of Realtors, chief economist and senior vice president of Research Lawrence.I just wanna get your read in to the state of home prices right now.Uh Well, we are getting some good news for potential home buyers. Now, compared to one year ago, more choices but still a condition where home prices would be rising, but hopefully in a more moderate way and perhaps low people's income growth.The meeting began at 10 a.m. and we're not expecting a rate cut for this month's decision for the July meeting.
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