Going Down! New Home Sales Plunged In May As Mortgage Rates Rose (Worst Since June 2022)

June 25, 2025 9:43 pm by Alex

by confoundedinterest17

New home sales are going down.

New home sales plunged in May, the biggest MoM drop since June 2022.

The median sales price increased 3% from a year ago to $426,600 last month, marking the first year-over-year price gain in 2025.

See also Mortgage costs hit 2724 dollars a month up 82 percent from pre pandemic levels, It sits 72 percent higher than 2007 bubble peak.

The plunge in new home sales came as mortgage rates ticked back higher.

See also Mortgage costs hit 2724 dollars a month up 82 percent from pre pandemic levels, It sits 72 percent higher than 2007 bubble peak.

Another example of the carnage left behind by President Autopen (Joe Biden).

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