February 21, 2024



Existing Home Sales Tumble For 4th Straight Month To Lowest In A Year


By Tyler Durden

June 22, 2021

After April’s ugliness, today’s Existing Home Sales data for May is the first chance to see signs of recovery in the housing market as state reopenings accelerate. Analysts, however, were not buying it, expecting a 2.1% MoM drop in the key data point, but the data did better than expected, dropping ‘only’ 0.9% MoM. That is the 4th straight month of existing home sales declines…

Read more…https://www.zerohedge.com/personal-finance/existing-home-sales-tumble-4th-straight-month-lowest-year