Latest News in the Housing Market
Year-over-year home prices rose 20.4% in April, slightly less than March and the first deceleration since November.
Pending home sales rose slightly in May, up 0.7% compared with April. That broke a six-month streak of declining demand.
Despite gloomy headlines and higher mortgage rates, new home sales unexpectedly rose in May and reversed a 4-month slide.
Source:
Markets in a Minute by CMG Home Loans.
