US Existing Home Sales fell -3.7% Month-over-month in March. Less than the expected -1.8% MoM.
But increased to 12.34% year-over-year. Aka, since Covid breakout.
The median price of existing home sales increased to $329.1k while inventory of existing home sales barely rose.
MBS inventory declined -28.5% AVAT%.
Time for The Fed to take its foot off the accelerator pedal?