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Tag: Midwest

Existing-Home Sales Ascend 2.5% in May
Real Estate News

Existing-Home Sales Ascend 2.5% in May

WASHINGTON (STL.News) - Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May.  Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018). Lawrence Yun, NAR’s chief economist, said the 2.5% jump shows that consumers are eager to take advantage of the favorable conditions.  “The purchasing power to buy a h...