• Existing U.S. home sales increase in June

    3 days ago - By Finance Commerce

    Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs.
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  • Comments on June Existing Home Sales

    Comments on June Existing Home Sales

    3 days ago - By Calculated Risk

    Earlier: NAR: Existing-Home Sales Increased to 5.86 million in June
    Two key points:
    1) Existing home sales are still somewhat above pre-pandemic levels. Seasonally adjusted sales for May were the highest since 2006, and sales Not Seasonally Adjusted in June 2021 were also the highest since 2006.
    Some of the increase over the previous eleven months was probably related to record low mortgage rates, strong second home buying, a strong stock market and favorable demographics .
    Also, the delay in the 2020 buying season pushed the seasonally adjusted number to very high levels over the winter...
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  • Existing-Home Sales Snap Back in June

    Existing-Home Sales Snap Back in June

    3 days ago - By RIS Media

    Following four consecutive months of declines, existing-home sales bounced back in June, increasing 1.4% from May to a seasonally adjusted annual rate of 5.86 million, according to the latest data from the National Association of REALTORS® .
    Single-family home sales decreased to a seasonally adjusted annual rate of 5.14 million in June, up 1.4% from 5.07 million in May and up 19.3% YoY. The median existing single-family home price was $370,600 in June, up 24.4% from June 2020.
    Existing condo and co-op sales posted a seasonally adjusted annual rate of 720,000 units in June, up from 710,000...
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