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    U.S. Existing-Home Sales Rise in May Despite Tight Supply (WSJ) “…a testament to just how strong the draw to homeownership is right now for millions of Americans,”

    “The fact that sales of existing homes rose in May — despite incredibly limited selection, shrinking times on market and rapidly rising prices — is a testament to just how strong the draw to homeownership is right now for millions of Americans,” said Svenja Gudell, Zillow’s chief economist.

    An ‘Under Contract’ sign posted in front of a home for sale in Charlotte, N.C., in April. PHOTO: CHUCK BURTON/ASSOCIATED PRESS

    https://www.wsj.com/articles/u-s-existing-home-sales-up-in-may-despite-tight-supply-1498053950

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