Mortgages & Creative Financing

Existing Home Sales Tumble Again In June As Prices Set A Record High

author
23
1 Min Read

According to the National Association of Realtors, the downward trend in existing home sales persisted in June, marking the fifth consecutive month of decline. This concerning trend was observed in three out of the four major regions across the United States, while one region managed to maintain stable sales. Alarmingly, all four regions experienced a decline in year-over-year sales.

The total number of existing home sales, encompassing various types of properties such as single-family homes, townhomes, condominiums, and co-ops, recorded a 5.4% decrease in June compared to May, reaching a seasonally adjusted annual rate of 5.12 million. In a year-on-year comparison, sales plummeted by 14.2% from June 2021 when 5.97 million sales were reported.

NAR chief economist Lawrence Yun expressed his concerns, stating, “The persistent decline in housing affordability is significantly impacting potential home buyers. The rapid increase in both mortgage rates and home prices within a short period of time is proving to be a considerable challenge.”

You might also like

23 Comments

  1. avatar
    Hairstyles says:

    I know this if off topic but I’m looking into starting my own weblog and was curious what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 sure. Any suggestions or advice would be greatly appreciated. Thanks

  2. avatar
    Hairstyles says:

    I just wanted to post a comment to appreciate you for some of the marvelous solutions you are showing at this site. My particularly long internet lookup has at the end of the day been compensated with reasonable points to exchange with my co-workers. I would assume that many of us readers are really endowed to exist in a great network with so many perfect professionals with valuable advice. I feel rather privileged to have seen your website and look forward to many more cool moments reading here. Thank you again for all the details.

  3. avatar
    Hairstyles says:

    Hiya, I am really glad I’ve found this info. Nowadays bloggers publish only about gossips and web and this is actually frustrating. A good blog with interesting content, this is what I need. Thanks for keeping this website, I’ll be visiting it. Do you do newsletters? Can not find it.

  4. avatar
    KAYSWELL says:

    We are a group of volunteers and starting a new scheme in our community. Your website provided us with valuable info to work on. You have done a formidable job and our whole community will be grateful to you.

  5. avatar
    KAYSWELL says:

    I actually wanted to develop a brief comment to be able to express gratitude to you for all of the amazing ways you are giving out at this website. My prolonged internet lookup has finally been recognized with reasonable facts to go over with my neighbours. I ‘d assert that many of us website visitors actually are unquestionably lucky to dwell in a decent place with many brilliant individuals with beneficial solutions. I feel somewhat lucky to have come across your entire website and look forward to so many more thrilling times reading here. Thanks once again for a lot of things.

  6. avatar
    Hairstyles says:

    I抦 impressed, I have to say. Actually not often do I encounter a blog that抯 both educative and entertaining, and let me inform you, you could have hit the nail on the head. Your thought is excellent; the issue is one thing that not enough persons are speaking intelligently about. I am very happy that I stumbled across this in my seek for something relating to this.

  7. avatar
    Beauty Fashion says:

    With the whole thing that appears to be building inside this subject matter, your opinions are generally somewhat radical. Having said that, I am sorry, because I do not give credence to your entire suggestion, all be it radical none the less. It appears to me that your remarks are actually not totally justified and in reality you are generally yourself not really wholly certain of the assertion. In any case I did take pleasure in reading it.

  9. avatar
    Beauty Fashion says:

    One thing I’d prefer to discuss is that weightloss program fast may be accomplished by the proper diet and exercise. Your size not only affects appearance, but also the general quality of life. Self-esteem, depression, health risks, and also physical capabilities are impacted in an increase in weight. It is possible to just make everything right but still gain. Should this happen, a problem may be the reason. While an excessive amount of food but not enough physical exercise are usually accountable, common health conditions and widespread prescriptions may greatly help to increase size. Thanks alot : ) for your post in this article.

  10. avatar
    Hairstyles says:

    Excellent blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any suggestions? Kudos!

  11. avatar
    Hairstyles says:

    I抦 impressed, I must say. Really not often do I encounter a blog that抯 each educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is excellent; the difficulty is something that not enough individuals are speaking intelligently about. I am very comfortable that I stumbled across this in my search for something referring to this.

  12. avatar
    Beauty Fashion says:

    Heya i抦 for the first time here. I came across this board and I to find It really useful & it helped me out a lot. I am hoping to give something again and aid others like you helped me.

  13. avatar
    Beauty Fashion says:

    Today, with the fast chosen lifestyle that everyone leads, credit cards have a big demand throughout the market. Persons from every field are using the credit card and people who not using the card have arranged to apply for even one. Thanks for discussing your ideas in credit cards.

  16. avatar
    Hairstyles says:

    Good post. I learn one thing more challenging on different blogs everyday. It would all the time be stimulating to read content material from other writers and follow slightly something from their store. I抎 favor to make use of some with the content material on my blog whether or not you don抰 mind. Natually I抣l offer you a link in your net blog. Thanks for sharing.

  18. avatar
    Beauty Fashion says:

    Hello there! I could have sworn I’ve been to this site before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  19. avatar
    Fashion Styles says:

    Thanks for the distinct tips discussed on this web site. I have realized that many insurers offer prospects generous discount rates if they choose to insure a few cars with them. A significant amount of households have several motor vehicles these days, specially those with older teenage youngsters still living at home, as well as the savings on policies may soon increase. So it pays to look for a great deal.

  20. avatar
    Beauty Fashion says:

    wonderful publish, very informative. I’m wondering why the opposite specialists of this sector don’t understand this. You must continue your writing. I am sure, you’ve a great readers’ base already!

Comments are closed.