
Existing-Home Sales Edge Higher in May Despite Mortgage Rate Pressure
Inventory increases – a relief for tight supply conditions? Inventory saw a significant improvement, the total housing stock is growing by 6.2% to 1.54 million units from April, increasing by 20.3% from last year. This is equal to the supply of 4.6 months, 4.4 months in April and above 3.8 months in May 2024. While…