real estate – Page 8 – One America News Network

New townhomes are seen under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones/File Photo

US new home sales slump to six-month low in May

Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.

A woman shops in a supermarket in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson/File Photo

US consumer confidence retreats slightly; house prices remain elevated

The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.

MIAMI - AUGUST 10: A For Sale sign is displayed in front of a home August 10, 2007 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

Home Sales Drop For Third Straight Month, Prices Hit Record High

For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.

A "For Sale" sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey/File Photo

US home sales crumble in May on higher rates and record prices, says Redfin

U.S. home sales in May fell to among the lowest levels in the past decade as both demand and supply remained sluggish in a high-mortgage rate environment.