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...
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