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Stuck In A Rut: Short Supply Dampens June Home Sales To 14-Year Lows

The housing market is tumbling again, as home sales registered the most sluggish rates since June 2009 even though prices crossed record highs earlier this year. Existing home sales dropped by 18.9% year over year to 4.16 million as of June, lodging a 3.3% decline since May, according to a report released by the National Association of Realtors (NAR).In addition, the proportion of sales attributed to first-time buyers decreased by three percentage points year over year to 27% in June. This share
United States Alicia Huey Matthew Graham Lawrence Yun National Association Of Home Builders National Association Of Realtors
Source: yahoo.com

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