April 24, 2024 3:17 pm
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Momentum slips in housing market

PrintBy Paul Bubny | GlobeSt.

Following what the National Association of Realtors reported as a year-over-year decline in pending home sales for May, Ten-X’s latest Residential Real Estate Nowcast projects existing home sales to remain “fairly range-bound” in June. The Nowcast, results of which were released on Thursday, predicts existing home sales for this month will fall between seasonally adjusted annual rates of 5.38 and 5.74 million, with a targeted number of 5.56 million. That represents a 0.5% increase from May and a 1.4% Y-O-Y gain.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.