Leading indicators point to a May pick-up in home sales
- By Interstate Abstract
- •
- 14 May, 2019

Mortgage credit availability is the highest ever recorded for the spring market. Fixed rate for home loans are near 4% and wages are up.
Hmmmm. What can that mean for the spring selling season? Unless Americans don’t want to own houses anymore – and that hasn’t happened yet – it means this month’s data should look pretty good.
Read the full story now.
In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors.
Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – climbed 2.5% from April to a seasonally adjusted rate of 5.34 million in May. Sales were 1.1% below May 2018’s rate..


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