U.S. Existing-Home Sale Prices Hit Record of $407,600 in May

The median existing-home sale price in the U.S. shot above $400,000 in May, setting a record, as the housing market stalled under the weight of higher mortgage-interest rates. Sales of previously owned homes slid for a fourth straight month, declining 3.4% in May from the prior month to a seasonally adjusted annual rate of 5.41 […]

U.S. Existing-Home Sale Prices Hit Record of $407,600 in May Read More »