The National Association of Realtors (NAR) reported today that existing home sales decreased for a fourth straight month in May. The NAR said that only one U.S. region (the Midwest) recorded a month-over-month increase, while the other three regions saw sales decline. The Millionacres takeaway: While each of the four areas again registered double-digit year-over-year gains, the NAR says home sales are now reaching pre-pandemic levels, and the trade group expects more supply to come on the market, helping to tamp down skyrocketing prices. J.P. Morgan (NYSE: JPM) Asset Management has acquired Campbell Global LLC, a Portland, Oregon, firm that manages $5.3 billion worth of timberland on behalf of institutional investors, such as pensions and insurance companies, The Wall Street Journal reports [subscription required].
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