Monday, 26 September 2022 | The Latest Buzz for the Appraisal Industry

Are We ‘Witnessing a Housing Recession?’

Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year sales declines. Total existing-home sales –completed transactions that include single-family homes, townhomes, condominiums and co-ops– slipped 5.9% from June to a seasonally adjusted annual rate of 4.81 million in …

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