Home sales decline in May as home prices peak

Home sales decline in May as home prices peak

Sales of pre-owned homes fell for the third straight month in May as prices hit an all-time high. Year-over-year sales were down 2.8%. According to the National Association of Realtors (NAR).Existing home sales fell 0.7% in May to 4.11 million units on a seasonally adjusted annual basis. Combined with high interest rates hovering around 7%,…

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