NAR: June home sales up 0.7% year-to-year as inventory tightens

U.S. home prices rose 6.5% year-to-year, though sales declined 1.8% from May to June. The supply of available U.S. homes “remains stuck at a meager level” and price growth is straining buyers’ budgets,” says NAR’s chief economist.

Source: FL Association of Realtors(R)