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Listen "1381 - Home Sales Bottom Out to Near-Record Low as Prices Continue to Climb by Moriah Costa"
Episode Synopsis
Home sales fell to one of the lowest levels on record in May as high prices, elevated mortgage rates, and a housing shortage continue to keep buyers on the sidelines.
According to data published by Redfin, there have only been two months in the past decade with fewer home sales: when mortgage rates jumped to a 23-year high in October 2023 and in May 2020, during the early days of the pandemic.
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According to data published by Redfin, there have only been two months in the past decade with fewer home sales: when mortgage rates jumped to a 23-year high in October 2023 and in May 2020, during the early days of the pandemic.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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