Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

Existing Home Inventory UP Year-Over-Year For The First Time in 3 Years

The National Association of Realtors (NAR) reported that June saw the 5th consecutive monthly decline in Existing Home Sales today.  The annual pace of sales came in at 5.12 million, well short of the consensus (5.38m) and 5.4% lower than May’s 5.41m reading.  In the grand scheme of things, sales were already back in line with pre-pandemic levels over the last 2 months.  Today’s release leaves them near the lower end of the range seen

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