Existing-Home Sales Surprise in May as Market Resiliency Defies High Rates
Market Rebound The U.S. housing market experienced an unexpected surge in May as sales of previously occupied homes climbed to a seasonally adjusted annual rate of 4.17 million units, according to data released by the National Association of Realtors (NAR) on June 9. This performance outperformed economist expectations of 4.07 million units and surpassed the…