US Home Sales Slow in April Amid High Prices and Interest Rates
US home sales fell in April, with existing homes selling for a median price of $414,000 – the highest on record for the month. The slowest pace since 2009, sales declined 0.5% from March and 2% from last year, despite seven million jobs being added to the economy. According to Lawrence Yun, NAR’s chief economist, … Read more