Global Finance News
09 Jun 2026, 14:06
US Existing Home Sales Rebound Strongly in May, Beating Expectations
US existing home sales rose more than expected in May, signaling resilience in the housing market despite elevated mortgage rates and affordability challenges.
Sales increased to an annualized pace of 4.17 million units, surpassing economists' expectations of 4.07 million and improving from April's 4.04 million pace. On a monthly basis, existing home sales climbed 3.2%, significantly stronger than the previous month's 0.7% increase.
US existing home sales rose more than expected in May, signaling resilience in the housing market despite elevated mortgage rates and affordability challenges.
Sales increased to an annualized pace of 4.17 million units, surpassing economists' expectations of 4.07 million and improving from April's 4.04 million pace. On a monthly basis, existing home sales climbed 3.2%, significantly stronger than the previous month's 0.7% increase.