Home sales dropped to a 14-year-low in June, thanks to the shortage in inventory plaguing the housing market.
. The supply of available homes stayed relatively flat in June at 1.08 million units – but that's still 14% lower than the available supply recorded a year ago. "There are simply not enough homes for sale," NAR chief economist Lawrence Yun said in a statement on Thursday."The market can easily absorb a doubling of inventory.", as demand still outpaces the supply of available homes even as buyers deal with affordability issues stemming from rising mortgage rates. Existing home prices rose to $410,200 in June, just 1% lower than the all-time-high of $413,800 in June of last year.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: