Wed, 25 Jun 2025 08:10:36 GMT
Existing-home sales rise
Existing-home sales rose by 0.8% in May 2025 to a seasonally adjusted annual rate of 4.03 million. However, sales were down 0.7% compared to May 2024. According to NAR Chief Economist Lawrence Yun, high mortgage rates continue to dampen activity, but lower rates could boost both buyer and seller participation, supporting economic growth.
The data includes single-family homes, condos, and co-ops,