APRIL HOME SALES DIP IN GREENSBORO

April home sales dipped nearly 17% from a year ago in the Triangle and fell just under 30% in Greensboro. “There was a land rush in the United States,” said economics professor Todd McFall. “People were flush with cash from not spending during the pandemic. There were some increases in income from the pandemic programs or because they were able to keep a job. And interest rates were lower and everyone knew that those interest rates were going to increase.”

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