In May, the second-hand housing discount rate in the United States increased to the highest this year, exceeding economists' expectations.

In May, the second-hand housing sales in the United States reached the fastest growth rate this year, bringing some optimism to the real estate market that started off slow in the spring. Data released by the National Association of Realtors on Tuesday showed that second-hand housing sales in May increased by 3.2%, equivalent to an annual rate of 4.17 million units, surpassing the expectations of all economists surveyed by Bloomberg. "More Americans are taking action, and second-hand housing sales have reached their highest level since last December," said NAR chief economist Lawrence Yun in a statement. "This is good news for the housing market and the overall economy." These data indicate signs of a warming in the second-hand housing market, which had been hovering around 4 million units annually for the past three years. Since the beginning of the year, there has been an increase in signed contracts for second-hand housing, and this trend is now reflected in the sales volume. Realtor.com stated last week that sellers are making some concessions on prices, "moving closer to the buyers."