Sponsored Content by Perry Wellington Realty, LLC.
The Perry Wellington Realty team takes a look at the current housing market and discusses what the National Association of Realtors is saying.
Chief Economist Lawrence Yun is calling it “quite unusual,” saying sales are coming down, but listed homes are still selling fast even though home prices are higher than a year ago.
Some other points regarding the market:
– For the third consecutive month, existing-home sales fell, but buyers are still eager.
– Higher mortgage rates and prices and low inventory continue to chip away at affordability.
– Nationwide, existing-home sales decreased 2.4% in April compared to March.
– Sales are down 5.9% year over year
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