US Existing-Home Sales Drop a Fifth Month to a Two-Year Low

Reade Pickert | Bloomberg | Jul 20th, 2022
Category: Financial News

  • Contract closings fell 5.4% in June, more than forecast
  • Median selling price rose to a fresh record of $416,000

Sales of previously owned US homes fell in June to a two-year low as a surge in borrowing costs continues to erode affordability.

Contract closings fell 5.4% from May to an annualized 5.12 million, figures from the National Association of Realtors showed Wednesday. The median estimate called for 5.35 million in a Bloomberg survey of economists.

Read More »

A golfer wouldn't play a course with just one club in his bag. In the same way, asset classes help you diversify and optimize your portfolio.

Think of us as your personal quarterback to help you navigate and mitigate the blindsides of life.

A great chef tastes as he cooks for the best result. A great financial planner checks in to make sure you're on course and adjusts along the way for the best result.