Buyer’s Market Lifts Home Sales in May

Dated: 07/03/2019

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Emerging Buyer’s Market Lifts Home Sales in May

For the first time in two months, existing-home sales rose in May as consumers rushed to take advantage of lower mortgage rates and greater inventory. Total existing-home sales—completed transactions including single-family homes, townhomes, condos, and co-ops—jumped 2.5% month over month in May, reaching a seasonally adjusted annual rate of 5.34 million, the National Association of REALTORS® reported Friday. All four major regions of the U.S. saw an increase in sales last month, led by the Northeast.

View the full report at Realtor Magazine. 

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