The WPJ

San Jose

Home Sales in U.S. Dip for Third Consecutive Month in May

According to the National Association of Realtors, U.S. existing-home sales dipped in May 2024 as the median sales price climbed to a record high.

Homebuilder Confidence in the U.S. Drops to 2024 Low in June

Based on the latest National Association of Home Builders / Wells Fargo Housing Market Index, U.S. home builder confidence in the market for newly built single-family homes was 43 in June 2024, down two points from May 2024. This is the lowest reading since December 2023.

U.S. Homes Sales Fell to One of Lowest Levels on Record in May

According to Redfin, U.S. home sales fell 1.7% month over month in May 2024 on a seasonally adjusted basis and dropped 2.9% from a year earlier.

U.S. Mortgage Rates Rise Above 7 Percent, Again

Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.03 percent as of May 30, 2024.

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