US existing home sales for April 4.14M versus 4.21M estimate ...Middle East

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Prior month 4.19M revised to 4.22MExisting home sales for April 4.14M versus 4.21M estimate. Weaker than expectationsExisting home sales are down -1.9% on the monthmonth supply 3.5 months versus 3.2 months last month30-year mortgage rate 7.05%Supply of home price over $1 million up 40% year-over-yearMedian home price $407,600 up 5.7%. Record highFirst-time buyers 33% versus 29% last yearAll cash sales 28%Sales are based on closing. This article was written by Greg Michalowski at www.forexlive.com.

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