Home Sales Hit All-Time High in May, But What Does it Mean for Buyers?
Miami, Florida – Homebuyers in the United States faced challenges in May as sales of previously owned homes declined for the third consecutive month. According to the National Association of Realtors (NAR), existing home sales dropped by 0.7% to 4.11 million units on a seasonally adjusted annual basis. The Midwest was the only region to see an increase in home sales, while three out of four US regions experienced flat sales and the South witnessed …