According to the National Association of Realtors existing-home sales marginally increased in May 2023. Sales were mixed among the four major U.S. regions, with the South and West posting improvements and the Northeast and Midwest experiencing pullbacks. All four regions experienced year-over-year sales declines.
According to ATTOM's first-quarter 2023 U.S. Home Flipping Report, 72,960 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 9 percent of all sales.
The National Association of Home Builders reported this week that limited existing U.S. housing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May 2023.
Based on Freddie Mac's latest Primary Mortgage Market Survey as of April 20, 2023, the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.39 percent.