US Housing Market Sees Steady Decline in Sales Amid Higher Borrowing Costs
US housing sales declined 0.5% from March to April and fell 2% compared to last year, with a seasonally adjusted rate of 4 million homes sold, according to the National Association of Realtors. Median home prices rose 1.8% year-over-year to $414,000, its record high for April. However, average days on market increased to 29 from … Read more