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U.S. Home Sales Hit Lowest May in 16 Years

posted 8 days ago

U.S. Home Sales Hit Lowest May in 16 Years single-panel cartoon

“Buyers prefer roller coasters, not home prices.”

Existing home sales in the U.S. have reached their slowest pace for May since 2009, despite a 20% increase in available homes. High mortgage rates and ongoing economic uncertainty are keeping buyers from entering the market.

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