Rising Rates Stall Housing Market Momentum Just After Closed Home Sales Hit Highest Level Since 2022

Rising Rates Stall Housing Market Momentum Just After Closed Home Sales Hit Highest Level Since 2022

Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.

Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for the housing market after a lackluster start…

Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for after a lackluster start to the spring…

Sales rose 3.2% compared with May last year.

Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week