Home sales rose in May despite higher mortgage rates, signaling a resilient housing market. The trend suggests sustained consumer confidence and may influence expectations for interest rate policy. U.S. housing market participants June sales data and Federal Reserve policy signals Home sales in May saw a notable increase despite a backdrop of higher mortgage rates, indicating buyers are adapting to the current economic climate. This trend may alter expectations around interest rates and the housing market's stability, suggesting a possible resilience in consumer confidence.
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