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Sales of new homes tanked in May, pushing supply up to a 3-year high
New home sales dropped much more than expected, as high prices, high mortgage rates and weak consumer confidence ate into demand.
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npr.org
Home sales just posted their slowest May in 16 years
There are 20% more homes for sale this May — but it hasn't been enough to pull buyers off the sidelines amid high mortgage rates and economic uncertainty.
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cnbc.com
May home sales increase very slightly, but prices hit another record high
Sales of existing homes rose very slightly in May from April but were still weaker than they were a year ago. Prices rose, hitting a record high for May.
