The spring housing market is officially over, and home sales fizzled out in the last full month of the season. Sales of existing homes shrank by 0.7% in May compared with April, according to a recent report from the National Association of Realtors®. Sales also fell annually, dipping 2.8% from May 2023 to a seasonally
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Home Prices Hit Record High in May as ‘Lock-In’ Effect Crimps Existing Housing Supply
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