- Prior month 4.19M revised to 4.22M
- Existing home sales for April 4.14M versus 4.21M estimate. Weaker than expectations
- Existing home sales are down -1.9% on the month
- month supply 3.5 months versus 3.2 months last month
- 30-year mortgage rate 7.05%
- Supply of home price over $1 million up 40% year-over-year
- Median home price $407,600 up 5.7%. Record high
- First-time buyers 33% versus 29% last year
- All cash sales 28%
sales are based on closing
This article was written by Greg Michalowski at www.forexlive.com.
