U.S. Present Residence Gross sales Fell in Could

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WASHINGTON—Gross sales of beforehand owned U.S. houses declined in Could for the second consecutive month, signaling that a runup in costs, rising mortgage charges and restricted stock could also be holding down residence purchases through the spring shopping for season.

Present-home gross sales dropped zero.four% in Could from the prior month to a seasonally adjusted annual charge of 5.43 million, the Nationwide Affiliation of Realtors mentioned Wednesday. Economists surveyed by The Wall Avenue Journal had anticipated gross sales to extend to a 5.54 million annual charge final month.

Supply hyperlink – https://www.wsj.com/articles/u-s-existing-home-sales-fell-in-may-1529503507?mod=pls_whats_news_us_business_f

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