Q2 Home Sales Trend

Following yesterday’s collapse in new home sales, NAR reports that existing home sales in April also disappointed – dropping 2.3% (and March revised lower). This drop happens as median home prices spiked 6.0% YoY to record highs as sales declines are blamed once again on a lack of supply (forget affordability?). Highlights include: Existing-home sales […]

via Existing Home Sales Slump As Prices Soar To Record Highs — peoples trust toronto

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