U.S. Existing Home Prices Suffer Largest Drop Since December 2011
Getty ImagesThe numbers: Sales of previously-owned homes in the U.S. rose slightly in May amid a shortage of homes for sale and high mortgage rates but the median price for an existing home fell 3.1%, the largest drop since December 2011.Sales of existing homes in the U.S. increased 0.2% to an annua
Fla.’s May Housing: Inventory Up, Median Price Flat
Florida Realtors: YOY single-family home median price flat at $419.9K, supply at 2.7 months. YOY condo median price up 0.9% to $325K, supply stands at 3.6 months.
Mortgage Rates Decline a Bit, Hit 6.67%
It’s the third weekly drop in a row and down from last week’s average of 6.69% for a 30-year, fixed-rate mortgage. A year ago, rates were 5.81%.
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