Sales of existing homes rose 1.4% in June, to a 5.86m seasonally adjusted annual (see top of first chart). Sales are up 22.9%t from a year ago. Sales in the market for existing single-family homes, which account for about 88% of total existing-home sales, also rose 1.4% in June, coming in at a 5.14m seasonally adjusted annual rate (see top of first chart). From a year ago, sales are up 19.3%. Condo and co-op sales rose 1.4% for the month, leaving sales at 720,000 for the month versus 710,000 in May.
Recent Posts
Categories
Investor's Notebook
Smart people from around the world share their thoughts
Read more >The Macro View
Recent financial news and how it connects across all asset classes
Read more >Technology
Fintech, proptech and what it all means
Read more >Uncorked
A sideways look at the world of wine
Read more >The Architect
Some of the profession's best minds
Read more >Residential Investor
Making money from residential property investment
Read more >The Professor
Analysis and opinion from the academic sphere
Read more >Face to Face
In-depth interviews with leading figures in the real estate/investment world.
Read more >The Headhunter
Recruitment and career moves
Read more >The Analyst
Investment themes and trends
Read more >The Historian
A look back at previous cycles, events, characters
Read more >The Economist
Money, rates and prices
Read more >Political Insider
The inside scoop on Washington, Westminster and Whitehall
Read more >The Agent
Reflections on estate agency, today and in past times
Read more >Alternative assets
Investing in tangible assets
Read more >