Existing home sales declined 0.7% in May to a seasonally adjusted annual rate of 4.11 million, the National Association of Realtors reported today. Sales also fell 2.8% from a year ago. Total housing inventory in May was 1.28 million units, up 6.7% from the prior month. The median home price was $ 419,300, up 5.8% from the previous year and the highest price ever recorded.
Trump directs agencies to restrict housing ownership by large investment firms
President Trump signed an executive order directing federal agencies to cease activities that facilitate the sale of single-family homes to large institutional investors and to take possible legal action against those firms.










