First-Time Buyers Boost Existing-Home Sales

First-time buyers helped boost the pace of existing-home sales in May to the highest level in nearly six years.

June 25, 2015

According to report from the National Association of Realtors, sales in the northeast lead an across-the-board increase, despite increased prices. The report notes, however, that demand continues to outstrip supply and suggests that, barring significant increases in new homes construction, existing-home prices will continue rise, even if mortgage rates rise.

 

Realtor.org has the full report  

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