US Existing Home Sales Rise In November While Median Price Rises 13.9% YoY Amidst Declining Inventory

by confoundedinterest17

While the Bureau of Labor Statistics uses a lame measure of house price inflation, US existing home sales MEDIAN PRICE YoY is growing at 13.9%.

US existing home sales rose by 6.46 million units SAAR, less than the expected 6.53 million units SAAR.

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Where is the inventory increases that various talking heads were predicting would emerge? Maybe they meant SUBMERGE?

Here is a video of me looking for the increasing inventory.

 

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