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BALTIMORE 鈥?Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale. Sales of existing homes rose last month to a seasonally adjusted annual rate of 4.72 million, the National Association of Realtors said. Their data showed all four regions of the country saw growth, with the west experiencing a larger increase. The dataincluded single-family homes, townhomes, condominiums and co-ops. Despite the sharp monthly gain, purchases are still down 11.3% from a year ago, when homes had sold at an annual water bottle stanley pace of 5.32 million.Inventory remains an issues, stanley water bottle according to the National Association of Realtors NAR . stanley termohrnek A low number of available homes was an issue before the pandemic. Total inventory is down 18.2 percent from a year ago, according to the data. The low supply and increasing demand could cause a spike in the price of homes. Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply, said Lawrence Yun, NARs chief economist.The median price for exisiting-home sales in June was 3.5 percent higher than a year ago. This is an ongoing trend, NAR says the median price has increased each of the last 100 months. Djwb Outside judge named to preside over cases in Arbery slaying
CNN -- Senate Majority Leader Mitch McConnell said Thursday he does not believe Mexico will pay for a wall along the border, something President Donald Trump has repeatedly promised.The Kentucky Republican was asked at a Politico Playbook event in Washington if he believes Mexico will fund the project aimed at blocking illegal immigration along the southern border. Uh, no, he told Politico s Jake Sherman before laughing.McConnell said a wall is not the best way to secure some parts of the border. I m in favor of border security, he said. There are some places along the border where that s probably not the best way to secure the border. But McConnell said he has confidence that Trump will heed his Homeland Security secretary s stanley cup usa advice on the issue. I think Gen. John Kelly knows what he s doing and the President picked an outstanding person to be in charge of homeland security. And my suspicion is that the Preside stanley website nt will take his advice, he added.The Trump administration plans to ask for a relatively small amount of money to start building Trump s long-promised border wall this year. According to preliminary numbers shared with CNN by a source familiar with the proposal, only $6.6 billion of a supplemental budget request will go toward border security -- and just $1 billion of that will be for the wall. An internal estimate considered by DHS put the cost of a wall at $21.6 billion.Throughout the election and recently, Mexican official stanley cup uk s have repeatedly said they will not