The US home market softens

SPX News by Newsroom on 11:32 May 24, 2018 EST

The National Association of Realtors said Thursday existing-home sales were, seasonally adjusted, at an annual rate of 5.46 million pace in April, lower than the 5.50 million pace expected by the market.

Sales of previously-owned homes fell 2.5% from March to April and were also 1.4% lower than a year ago. This is the second-straight month to chart a yearly decline.

However, the median price for homes sold in April was $275,200 5.3% higher than a year ago, price rises are still much stronger than salaries.

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