Finance
Existing-home sales in the United States declined by 0.7% in May, reaching a seasonally adjusted annual rate of 4.11 million, as reported by the National Association of Realtors (NAR). This marks the third consecutive month of decreasing sales. The decline was driven entirely by a drop in sales
Finance
Builder confidence in the U.S. housing market has shown signs of improvement, reaching an eight-month high in March. The National Association of Home Builders/Wells Fargo Housing Market Index rose three points to 51, indicating more optimism among homebuilders due to increased demand. The gain marks the fourth consecutive
Finance
Mortgage application volume fell sharply by 10.6% from the previous week as interest rates climbed to their highest point since early December. The Mortgage Bankers Association's seasonally adjusted index showed that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or