New home sales take off; market remains grounded overall
Sales in the Midwest were especially strong, rising 19.2% on a year-to-date basis, noted Jing Fu, director of forecasting at the National Association of Home Builders.
The housing market is ‘stuck’ — maybe for a while
Freddie Mac expects rates to continue to fall during the summer months, which could bring additional buyers into the market, said Sam Khater, the organization's chief economist.