The thrill is gone from housing as The Fed tightens away.
Well, January’s existing home sales numbers were horrific. Down -37% year-over-year (YoY) and down -0.7% MoM.
The median price of existing home sales fell to 0.67% YoY.
US Existing Home Sales Crash -37% YoY In January (Median Price YoY Falls To 0.67%) As The Fed’s Thrill Is Gone