Real Estate Reversal: Record Prices, Reduced Sales in the U.S.

In June 2024, U.S. used home sales significantly dropped despite soaring prices, highlighting a complex time for the housing market. Sales dropped 5.4%, hitting the lowest rate since last December—a seasonally adjusted annual pace of 3.89 million units. Experts had forecasted a modest drop to 4.00 million units. Meanwhile, the average home price rose by […]