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…
Subscribe to CNBC PROSubscribe to Investing ClubLicensing & ReprintsCNBC CouncilsSelect Personal FinanceJoin the CNBC PanelClosed CaptioningDigital ProductsNews ReleasesInternshipsCorrectionsAbout CNBCSite MapPodcastsCareersHelpContactNews TipsGot a confidential news tip? We want to...
Read moreDetails
