{"id":10836,"date":"2025-06-24T17:17:26","date_gmt":"2025-06-24T21:17:26","guid":{"rendered":"https:\/\/iamovers.org\/?post_type=news&#038;p=10836"},"modified":"2025-06-25T14:39:25","modified_gmt":"2025-06-25T18:39:25","slug":"home-sales-near-historic-lows-eportal","status":"publish","type":"news","link":"https:\/\/iamovers.org\/news\/home-sales-near-historic-lows-eportal\/","title":{"rendered":"Home Sales Near Historic Lows (ePortal)"},"content":{"rendered":"\n<p><em>Sales of existing homes in the United States increased slightly in May but the sluggish moving market in the country looks set to continue.<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/77b1v.r.sp1-brevo.net\/mk\/cl\/f\/LDSytd4-RGQ4VudFBJmgRVcXSJh8FkFlCOlbJjoqS06KPY3VKDtI7DQ-p7Q0mFvB-sn_ZoskKMUi5jaQvq9vdZR4PEtiI5ApAbMdqeu6nVSEhX2qFe8ImbKGz1YkcYLNWaiQd1sowOhMBgwVvbkvXVgryi-ut6vvFt7POzwuxtN-fR-vi_bD8Tqg3SNQoClia5FD72yuYjMxbQePupV5bmzej_6agWEj0zVj4nkHsWHrWtPfQbuzGn3KM_Ad5W9h0d5JEAywzX_LCZi9J1bbkzF-5GKXxP8lm561deJvUZtiKwbPcCEYC8pSAqJB7cpoi-2_tuvjYIpFlWUzkCPNy5eCu2Kv7swdoS0wQpVxJvOpezfgI8gz5Rshy6krErgzYJ7b2Jk_\">The Wall Street Journal<\/a>&nbsp;reported that according to the latest report from the National Association of Realtors (NAR), existing-home sales rose 0.8% in the month, better than expected, but the slowest pace for any May since 2009 and 0.7% from a year earlier. Affordability continues to be the major barrier, with home values near all-time highs and mortgage rates stuck above 6.5%. According to an analysis by NAR and Realtor.com, households earning $100,000 a year could afford to buy 65% of available listings six years ago. In 2025, that same income can afford only 37% of the homes listed.<\/p>\n\n\n\n<p>Across the United States, there were 1.54 million homes for sale or under contract at the end of May, up 6.2% from April and up 20.3% from May 2024, NAR reported, with the typical home on the market for 27 days, up from 24 days a year earlier. \u201cConsumers are not getting into the market,\u201d said&nbsp;Lawrence Yun, NAR\u2019s Chief Economist. \u201cI would attribute that to the affordability challenges.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/77b1v.r.sp1-brevo.net\/mk\/mr\/sh\/SMJz09SDriOHTBGnGK0iSve5qDCe\/Ml0uAlbUWwIy\" data-type=\"link\" data-id=\"https:\/\/77b1v.r.sp1-brevo.net\/mk\/mr\/sh\/SMJz09SDriOHTBGnGK0iSve5qDCe\/Ml0uAlbUWwIy\" target=\"_blank\" rel=\"noreferrer noopener\">View the whole ePortal newsletter here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales of existing homes in the United States increased slightly in May but the sluggish moving market in the country looks set to continue. The Wall Street Journal&nbsp;reported that according to the latest report from the National Association of Realtors (NAR), existing-home sales rose 0.8% in the month, better than expected, but the slowest pace [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_piecal_is_event":false,"_piecal_start_date":"","_piecal_end_date":"","_piecal_is_allday":false,"footnotes":""},"news-category":[31],"class_list":["post-10836","news","type-news","status-publish","hentry","news-category-industry-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/10836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/comments?post=10836"}],"version-history":[{"count":2,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/10836\/revisions"}],"predecessor-version":[{"id":10840,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/10836\/revisions\/10840"}],"wp:attachment":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/media?parent=10836"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news-category?post=10836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}