Trending News: May 24, 2023

Existing home sales fall 23%, NAR’s membership shrinks for the first time in years, and mortgage rates increase as the debt ceiling battle continues.

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Show Notes

Mortgage rates increase as debt ceiling battle continues: The 30-year fixed-rate mortgage averaged 6.39%. Read more

Existing home sales fell 23% in April: Fewer homes on the market mean fewer transactions are taking place. Read more

NAR’s membership is now shrinking for the 1st time in years: The organization’s membership was down 0.66% in April compared to a year earlier, and NAR thinks the numbers may fall even further. Read more

Music by: Gloria Tells from Epidemic Sound


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