Data: National Association of Realtors; Chart: Axios VisualsEven as the stock market approaches an all-time high, there is a big dark cloud hovering over the economy: the housing market.Why it matters: Home sales are hovering at historic lows, as economic uncertainty and high mortgage rates hold back buying.By the numbers: Pending home sales — deals that are in contract but not yet closed — rose 1.8% in May over last month but are still at record lows…
HomeMarket NewsUS Stock Market Highlights: Markets advance as Iran ceasefire extends; tech rally sends Nasdaq to new highUS Stock Market Highlights: Wall Street ended sharply higher on Wednesday, with...
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