{"id":13331,"date":"2026-06-09T14:31:57","date_gmt":"2026-06-09T14:31:57","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=13331"},"modified":"2026-06-09T14:31:57","modified_gmt":"2026-06-09T14:31:57","slug":"us-home-sales-surge-to-the-fastest-pace-this-year-despite-rising-mortgage-rates-and-prices","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=13331","title":{"rendered":"US home sales surge to the fastest pace this year despite rising mortgage rates and prices"},"content":{"rendered":"<div>\n<p><strong>By ALEX VEIGA, AP Business Writer<\/strong><\/p>\n<p>Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for after a lackluster start to the spring homebuying season.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=13329\">Patients find help with therapy donkeys at psychiatric hospital near Paris<\/a><\/p>\n<p>Existing home sales rose 3.2% in May from the previous month to a seasonally adjusted annual rate of 4.17 million units, the National Association of Realtors said Tuesday. Sales also rose 3.2% compared with May last year.<\/p>\n<p>Home sales increased from a year earlier in the Midwest, South and West, but fell in the Northeast, NAR said.<\/p>\n<p>The latest sales figure topped the roughly 4.07 million pace economists were expecting, according to FactSet.<\/p>\n<p>Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=13327\">A government-commissioned study found drinking risks. US guidelines didn\u2019t feature its findings<\/a><\/p>\n<p>Sales rose last month even as mortgage rates have continued to mostly trend higher this spring, although they remain below where they were a year ago.<\/p>\n<p>Home prices continued to rise nationally last month. The U.S. median sales price increased 1.3% in May from a year earlier to $429,300, NAR said. Home prices have risen on an annual basis for 35 months in a row.<\/p>\n<div>\n<\/div>\n<p>The U.S. housing market has been in a slump since 2022, when mortgage rates began to climb from pandemic-era lows. Sales of previously occupied U.S. homes were essentially flat last year, stuck at a 30-year low. They have remained sluggish so far this year. They were flat in April after declining from a year earlier through the first three months of this year.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=13325\">If the \u2018slow lane\u2019 on a freeway is closed, can semi trucks use all the other lanes?<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sales of previously occupied US homes accelerated in May to their fastest pace since December, a turnaround in demand for the housing market<\/p>\n","protected":false},"author":1,"featured_media":13330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-13331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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