Existing sales down 23%, prices up 8.4%
Sales tailed off 0.4% from July and 19.9% from the previous year.
The prices of goods used in residential construction climbed 1.5% in June (not seasonally adjusted) even as softwood lumber prices…
It's the sharpest year-over-year decline in affordability on record.
Home prices increased 19.8% in February year over year.
30-Year mortgage rates Fall to Lowest in More Than a Month
The 20-City Composite posted a 19.9% year-over-year gain, up from 19.1% in the previous month
In May, the median price of a newly-built home was 18% higher than a year ago, at $374,400.
30-year fixed-rate mortgage (FRM) averaged 3.00 percent
House price growth is expected to be 6.6 percent in 2021, slowing to 4.4 percent in 2022.
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