The national index rose 0.7% in May from April, after seasonal adjustment. Both the 10-City and 20-City composites saw increases, too, rising 1.1% and 1%, respectively. Before seasonal adjustments, the national index rose 1.2% from April. May’s increase comes after an uptick in February that snapped a seven-month streak of month-over-month declines. “The rally in US home prices continued in May,” said Craig Lazzara, managing director at S&P DJI.
Current rates that are several percentage points higher than the 2%, 3% or 4% rates current homeowners bought or refinanced into over the past few years are keeping sellers in place. This is leading to historically low existing home inventory and causing existing home sales to fall nearly 20% year-over-year, according to the National Association of Realtors. “We expect this trend to keep playing out as mortgage rates remain elevated for the time being,” said Jones.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ryanair warns the post-pandemic travel boom may be coming to an end | CNN BusinessThe travel industry has defied a global economic slowdown, enjoying record bookings and profits as pent-up demand following the pandemic fueled spending on air tickets and hotels. But that may be starting to change.
La source: CNN - 🏆 4. / 95 Lire la suite »
Trader Joe's recalls two types of cookies because they may contain rocks | CNN BusinessTrader Joe’s announced a recall of two types of cookies, stating that they may contain a foreign material, rocks, in a statement on Friday.
La source: CNN - 🏆 4. / 95 Lire la suite »
'It comes up on you fast:' Scorching heat is crushing American businesses | CNN BusinessA 119-degree day in Phoenix hits like a blast of hot air from the oven with no relief in sight, and for a business owner like Lyn Thomas, there’s hardly any avoiding it.
La source: CNN - 🏆 4. / 95 Lire la suite »
'Barbie' dominates the box office, raking in a $155 million opening weekend | CNN BusinessGreta Gerwig’s “Barbie” raked in a stunning $155 million domestically over the weekend, giving the film the largest opening weekend of 2023 and the biggest ever debut for a female director.
La source: CNN - 🏆 4. / 95 Lire la suite »
What's ahead this week for Wall Street and the economy | CNN BusinessWhat's ahead this week for Wall Street and the economy | Analysis by Krystal Hur
La source: CNN - 🏆 4. / 95 Lire la suite »