Low Rates Spark a Boom
The May-June 2019 market pulse offers a glimpse at the current state of the housing market.
May - June
Existing-home sales jumped almost 12 percent in February. NAR Chief Economist Lawrence Yun attributes the surge largely to the Federal Reserve’s plan to keep interest rates low for the remainder of the year. The one-month gain is among the largest ever recorded by NAR.
Updated: May 22, 2020