Washington, June 23, 2025 (AFP) - US existing home sales little-changed on sluggish market

NAMPA / AFP

2025-06-23

Sales of existing homes in the United States were tepid in May, according to industry data released Monday, as high mortgage rates weighed on the market. Sales of previously-owned homes ticked up 0.8 percent in May from the prior month, to a seasonally-adjusted annual rate of 4.03 million, said the National Association of Realtors (NAR). "The relatively subdued sales are largely due to persistently high mortgage rates," said NAR chief economist L......

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