New-home sales in the US fell sharply in May, marking the largest drop since 2022. Despite sales incentives, affordability issues persist, pushing sales to a seven-month low.
S&P 500 futures were nearly flat as investors hope the index can reach its all-time high. A recent rally, driven by falling oil prices amid a ceasefire between Iran and Israel, has kept the market resilient.
In a surprising twist, U.S. home sales edged up in May, defying expectations amidst high mortgage rates and rising prices. Despite this increase, affordability remains a major hurdle for many prospective buyers.
The U.S. housing market faces a significant slump, with May marking the slowest home sales since 2009. Despite a slight monthly increase, affordability issues persist, keeping buyers at bay amidst rising prices and high mortgage rates.
Discover how rising mortgage rates and prices impacted US home sales in January, despite a wider selection of properties available. Find out the challenges faced by first-time buyers and the outlook for the housing market.
Market futures stabilize after recent sell-off triggered by Walmart's forecast. Analysts predict potential recovery as economic data releases approach, impacting investor sentiment.
