{"id":1221,"date":"2025-05-28T19:13:38","date_gmt":"2025-05-28T19:13:38","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/no-major-change-for-existing-home-sales\/"},"modified":"2025-05-28T19:13:38","modified_gmt":"2025-05-28T19:13:38","slug":"no-major-change-for-existing-home-sales","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/no-major-change-for-existing-home-sales\/","title":{"rendered":"No Major Change For Existing Home Sales"},"content":{"rendered":"\n
\n

Two months ago, existing home sales came in at the highest levels in a year according the the National Association of Realtors (NAR). Last month’s report showed a fairly sharp decline to 5 month lows. The latest data, out this week is less sensational by comparison.<\/p>\n

Granted, we can now technically say that existing sales are at 6 month lows, but they really didn’t change much from a month ago.<\/p>\n

<\/p>\n

As has been and continues to be the case, zooming out on the same chart results in an entirely different impression of the home resale market.<\/p>\n

\"\"\/<\/p>\n

Then again, there is perhaps some solace in zooming out even more.<\/p>\n

\"\"\/<\/p>\n

\u201cHome sales have been at 75% of normal or pre-pandemic activity for the past three years, even with seven million jobs added to the economy,\u201d said NAR Chief Economist Lawrence Yun. \u201cPent-up housing demand continues to grow, though not realized. Any meaningful decline in mortgage rates will help release this demand.\u201d<\/p>\n

Here’s a regional breakdown of sales activity and prices from this report:<\/p>\n