Home Sales Rise 2.5% in May - Adviser Investments

Home Sales Rise 2.5% in May

Josh Jurbala, quantitative investments manager at Adviser Investments, has the market analysis for Friday, June 21. After four consecutive days with gains, major U.S. market indexes declined slightly because of ongoing Persian Gulf tensions. The Dow Jones Industrial Average and S&P 500 declined 0.1% while the and NASDAQ Composite dipped 0.3%. In terms of economic data, the National Association of Realtors reported a 2.5% monthly gain in existing home sales last month. Although 1% lower than May 2018’s pace, the figure continues to reflect housing-market strength, with national prices up around 5% year-over-year.

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