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Real Estate News Brief: Rate Hike Plans, Trade War Impact, Mail-Order Cabins
In this week's Real Estate News in Brief... the next rate hike, the trade war impact, and mail-order kit cabins from Amazon.
We begin with economic news from this past week, and the latest results on home sales.
The National Association of Realtors reported another slump for existing home sales. They dropped .4% from March to April, and were 4.4% less than a year ago. It’s the second month in a row for a sales drop, after a surge in February. Inventory is still tight but NAR expects increased activity soon, especially in the South and the Northeast.