Today’s real estate news from RE-Insider, the California-based real estate news service for Realtors, brokers, investment companies and first time home buyers.
May home sales barely move as high mortgage rates, prices, weigh on housing market
By ALEX VEIGA, AP Business WriterNEW YORK (AP) — Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase. Existing home sales rose 0.8% last month from April to a seasonally adjusted annual rate of




