Today's Flooring News

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Existing-Home Sales Rose 2.5% in May

Existing-Home Sales Rose 2.5% in May

Washington, DC, June 21, 2019—Total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May, according to the National Association of Realtors. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).

Investor Home Purchases at All-Time High, Says WSJ

Investor Home Purchases at All-Time High, Says WSJ

New York, NY, June 21, 2019—The share of investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes or turning them into single-family rentals, reports The Wall Street Journal.