Pending home sales: Fewer homes being sold for first time in 2 years

Sale-Pending salesAffordability and lack of inventory hindering home sales

By Kelsey Ramírez | HousingWire

Home sales went up consistently for the past three months, however in May they declined monthly, and for the first time in about two years, they declined yearly, according to the National Association of Realtors.

In fact, all four major regions saw a decrease in contract activity in May.

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