Existing Home Sales Retreat in June as Affordability Pressures Persist

The U.S. housing market continues to grapple with affordability headwinds, as existing home sales declined for a second consecutive month in June. According to the latest report from Wells Fargo Economics, total resales fell 2.7 percent over the month, dragging the seasonally adjusted annual rate to 3.93 million units—the lowest level in ten months. Despite […]