05/28/2021
Existing-home sales in April fell 2.7% month over month, to 5.85 million/year. April was the third consecutive month of decline. A lack of inventory and no new growth in home construction activity is why. This sales decline is expected. CBA Land Capital wants to help builders and developers create inventory with alternative financing solutions.
April existing-home sales fell 2.7% M-o-M, to 5.85 million/year, the best April sales rate since 2006. That said, it was the third straight monthly decline. While low rates and remote working still boost demand, a lack of homes, especially at lower price points, vertiginous Y-o-Y price appreciation....