US existing home sales higher

Sales of existing homes south of the border increased for the second straight month in April despite the challenges of tight inventory and high prices. The National Association of Realtors’ latest figures show a surge in the Midwest and a moderate increase Northeast while the West and South saw declines. Nationally sales were up 1.7 per cent year-over-year.

The median existing home price rose 6.3 per cent in April to U$232,500, the 50th consecutive month of year-over-year gains.

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