Why Existing Home Sales Fell in April and What it Means
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 23 May 2022
⏱️ 8 minutes
🧾️ Download transcript
Summary
Discover why existing home sales fell in April and what that means for the real estate market. Fewer first time buyers purchased in the last year, but there is some good news.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode one thousand and forty. |
| 0:02.8 | I'm gonna live the rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | yeah I'm full of faith I'm gonna live I'm gonna live a good life |
| 0:20.7 | a good life |
| 0:21.7 | a beautiful and glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.0 | on Be Wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:38.1 | Welcome to Be Wealthy and Smart. |
| 0:39.7 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:42.0 | Empowering women and men worldwide to financial freedom. to and this is to the lowest level since the start of the pandemic. |
| 0:54.0 | There were some statistics that came out last week and I thought it was important that we cover it. |
| 0:59.2 | We're starting to see some changes in the market and while I still don't believe that we are going to see a |
| 1:04.0 | crashing real estate market this year it is important to take note of the things that |
| 1:09.2 | are changing and what's happening in the market so you can stay on top of it and know the most important |
| 1:14.7 | recent information so you can make the best decisions. And this article comes to us from |
| 1:19.4 | CNBC and was written by Diana O'Lick and she says sales have previously owned homes in April fell to the lowest |
| 1:26.1 | pace since the COVID pandemic started according to the National Association of |
| 1:30.1 | Realtors or NAR. Existing home sales declined by 2.4% compared with March to a |
| 1:37.2 | seasonally adjusted annualized rate of 5.61 million units. That means sales were 5.61 million units. |
| 1:43.0 | That means sales were 5.9% lower than in April of 2021. |
... |
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