IPFS News Link • Housing
US New Home Sales Plunge To 10 Year Low As Exodus From Cities Accelerates
• https://www.zerohedge.com by Tyler DurdenApril's collapse was the largest since July 2010's expiration of the first-time homebuyers credit, and May saw the plunge continue, falling 9.7% MoM (against expectations of a 5.6% MoM decline)
Source: Bloomberg
The median existing-home price for all housing types in May was $284,600, up 2.3% from May 2019 ($278,200), as prices increased in every region. May's national price increase marks 99 straight months of year-over-year gains. But sales of $1mm-plus home crashed...