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home / news releases / KBWY - Lower Mortgage Rates No Relief For U.S. Home Sales


KBWY - Lower Mortgage Rates No Relief For U.S. Home Sales

There is plenty of supply, but it's the wrong supply, priced too high

Across the US, hot and cold housing markets all thrown into one bucket: Sales of "existing homes" (single-family houses, townhouses, condos, and co-ops) in March dropped 5.4% from March last year to a seasonally adjusted annual rate of 5.21 million homes, according to the National Association of Realtors, after having dropped 2.3% year over year in February, 8.7% in January, 10.1% in December, and 8.9% in November (data via YCharts):

"The impact of lower mortgage rates has not yet been fully realized,"

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Stock Information

Company Name: Invesco KBW Premium Yield Equity REIT ETF
Stock Symbol: KBWY
Market: NASDAQ

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