Home Sales Stayed Muted in June as Affordability Challenges Persisted The National Association of Realtors' (NAR) latest numbers paint a familiar picture: home sales continued to lag in June, stuck in a rut that's been plaguing the market for years.
The actual figures showed a 2. 4% drop from May to a seasonally adjusted annual rate of 4. 09 million, despite economists' predictions of a modest increase.
Lawrence Yun, NAR's chief economist, points to recent mortgage rate volatility as the culprit behind the monthly fluctuations. However, this explanation oversimplifies a far more complex issue.