THE LATEST RBC ECONOMICS "HOUSING REPORT" IS UPBEAT ABOUT MAY'S SALES

RBC ECONOMICS MONTHLY HOUSING REPORT

Home Buyers and Sellers Returned to the Market in May - RBC Economics

Early reports from local real estate boards showed home resales picked up noticeably from April's generational lows. The month-to-month percentage increases-ranging from 30% to almost 70%-certainly look impressive though this speaks more about the extremely weak comparison point in April. May's rebound is the first step on a long road to recovery.