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