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Report: April Home Prices Posted Strongest Monthly Gain in Nearly Two Years
A new report from data provider Intercontinental Exchange, Inc. (ICE) shows U.S. home prices rose to their strongest single-month gain in nearly two years. The May ICE Mortgage Monitor analysis found prices rose 0.32% in April on a seasonally adjusted basis and while modest on the surface, that pace translates to a 3.9% seasonally adjusted…
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Existing Inventory Continues to Expand as Sales Remain Flat
While home sales may not be booming in spring like many real estate professionals hoped for, according to the latest data from the National Association of Realtors® (NAR), inventory continues to increase as the potential for a strong summer market grows. NAR’s April Existing-Home Sales report saw a 0.2% month-over-month increase in sales to a…
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