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Potential US existing-home sales in May fell 2.0% month-over-month to 5.62 million seasonally adjusted annualized rate; market potential for home sales 2.5% higher than pre-pandemic level: First American

US existing-home sales fell 3.4% in May from April to seasonally adjusted annual rate of 5.41 million; inventory of unsold homes increased 12.6% from April to 1,160,000, equal to 2.6 months of the monthly sales pace: NAR

Bank of America data show rising millennial homeownership, suggesting potential for lots of DIY projects in coming months, which could be favorable for Home Depot, Lowe’s; survey finds 80% of millennials prefer older homes in need of work to save money

Potential US existing-home sales in April fell 3.0% month-over-month to 5.74 million seasonally adjusted annualized rate; house-buying power fell US$77,000, reduced housing market potential by nearly 380,000 potential home sales: First American

US existing-home sales fell 2.4% in April from March to seasonally adjusted annual rate of 5.61 million; inventory of unsold homes increased 10.8% from March to 1,030,000, equal to 2.2 months of the monthly sales pace: NAR

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