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New home sales, which are counted at the signing of a contract, are volatile on a month-to-month basis and subject to big revisions. They decreased 6.3% on a year-on-year basis in May.
This spring and summer are shaping up to be very tough for the real estate market,” said one economist at Navy Federal Credit Union.
Sales of new U.S. single-family homes fell 13.7% in May, marking the steepest decline in nearly three years, as high mortgage rates and economic uncertainty weakened demand. The inventory of ...
WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell more than expected in May as high mortgage rates sapped demand, boosting the supply of unsold houses on the market.
A national increase in the inventory of homes for sale is most pronounced in Las Vegas, according to a report.
No Tax on Tips' wasn't the only new tax write-off signed into law. However, the car loan tax deduction only applies to ...
WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply ...