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Why Are Home Sales Declining?

Posted by Frank Dolski, Associate Broker on June 01, 2018 in  Buyers  Interest Rates  Millennials  New Construction  Sellers
The National Association of Realtors reported last week that US existing home sales dropped more than expected in April, falling 2.5% to a seasonally adjusted annual rate of 5.46MM units. Down 1.4% nationally since April 2017, the existing homes sales account for about 90% of sales and declined the most in the Northeast region by 4.4%.   Obviously, this trend varies market-to-market, but as a national trend, this is alarming to real estate professionals. So, what factors could be contributing to this st... read more
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