With prices reaching a new record high, the National Association of Realtors released a report on Tuesday showing existing home sales in the U.S. plunged by more than expected in the month of June.
NAR said existing home sales dove by 5.4 percent to an annual rate of 3.89 million in June after falling by 0.7 percent to a rate of 4.11 million in May. Economists had expected existing home sales to slump by 2.9 percent to a rate of 3.99 million.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.