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Existing-Home Sales Maintain Decline in April
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The downward trend in existing home sales held firm in April as rising price tags and mortgage rates continued to strain buyer activity, according to a new report from NAR. Sales of previously owned homes dipped for the third consecutive month in April...
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Mortgage applications for new home purchases decreased 10.6% compared to a year ago, according to the latest MBA Builder Application Survey (BAS) released this week. Compared to March 2022, applications decreased 14%, not including any adjustment for typical seasonal patterns. MBA stated...
