Late-Q2 US sales climbed ~9% MoM and ~6% yearly, while mortgage costs fell yearly, supporting hopes for a mild sales recovery this year.
Typical US home value reached $372K in Late-Q2, up ~1% yearly and ~1% MoM. A typical payment was $1.9K, down slightly yearly.
Nationwide inventory reached 1.39M homes in Late-Q2, up ~1% yearly and 2% MoM. New listings totaled 404K, up 3% yearly, down MoM.
Newly pending listings grew ~8% yearly despite a slight MoM dip. Homes went pending in 20 days, and ~26% of listings took price cuts.
An expert said mortgage rates easing from a Mid-Q2 peak helped demand, and continued affordability gains offered hope for a mild recovery.
