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JRE - Existing Home Sales Fell To The Lowest Level Since June 2020
Janus Henderson U.S. Real Estate ETF
Sales of existing homes decreased 3.4 percent in May, to a 5.41 million seasonally adjusted annual rate.
Condo and co-op sales were down in one region in May, falling 3.4 percent in the South, and were unchanged in the other three regions.
Housing is likely to be under intense pressure as record-high prices and the recent surge in mortgage rates reduce affordability and push more and more buyers out of the market.