Existing Home Sales Rise 1.1% YoY As EHS Inventory Hits All-time Low (Median Price Rises 5.8% YoY)

Sharing is Caring!

by Anthony B Sanders
December existing home sales, according to the National Association of Realtors, fell -3.6% from the previous month. This was worse than the expected -1.9% decline.
But on a positive note, existing home sales ROSE 1.1% on a Year-over-year (YoY) basis.
The bad news? The inventory of existing home sales fell to its lowest level EVER.
ehsdec17
The median price of existing home sales rose 5.8% YoY.
ehsmedprice012418
How long before inventory returns to the market for existing home sales? Just ask The Eagles!
If inventory DOESN’T return, NAR Chief Economist Lawrence Yun will likely agree with Jeff Lebowski about hating The Eagles.
dudeeagles
 

See also  Why the Fed Is So Desperate to Hide Price Inflation
See also  China has coal and house price inflation plus pork disinflation in a toxic mix
626 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.