Existing home sales fall in May, boosting housing inventory

Existing home sales fall in May, boosting housing inventory

Strong buyer demand coupled with limited housing inventories saw sales of existing-homes fall for the four month in a row in May. Existing home sales were down 0.9% compared to the month before, though they will still up 44% on a year over year basis, according to the...
More than half of all existing homes sold above asking price in May

More than half of all existing homes sold above asking price in May

The ongoing housing inventory crunch in the U.S. has forced numerous home buyers into bidding wars on the few available listings they can find, and as a result, more than half of all existing homes sold for above their list price in the four-week period ending May 23....