Freddie Mac Hopes for 2nd Half Home Sale Surge

While official existing home sales data, released this morning by the National Association of Realtors® (NAR), showed the sector’s losing streak extending to three months and pending sales through May have lost ground for five straight months, Freddie Mac released an upbeat forecast for total home sales this year. The company’s economists said that both the exceptionally low inventory and rising home prices slowed the market in the first half of the year, but they still expect sales to edge slightly above the 2017 numbers.

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Source: Mortgage News Daily