US Real Estate Market
Existing-home sales in the US dropped to one of the lowest levels since 2010 due to sellers waiting for better mortgage rates and high prices scaring off buyers. Prices hit a record high in June despite more homes entering the market. The market is shifting towards a buyer's market.
Key Points
- Home sales in the US dropped to one of the lowest levels since 2010
- Prices hit a record high in June despite more homes entering the market
- Market is shifting towards a buyer's market