Existing Home Sales Rise

Ten years ago, the homeownership rate in the US was 69.2%; today it has fallen to 64.8%.  Where the American dream has historically owning your home, this is a sobering thought.  On the bright side in the reports out today, more people are buying each other’s homes than last month: Existing Home Sales are up 4.9% from April to May.  While it won’t help the Ownership Rate, is does help Realtor commissions 🙂  Also increasing commissions is a price increase of 0.9% from April to May.