US Existing Home Sales Fall 6.6% In February As Median Prices Rise 16.24% YoY On Ultra Low Available Inventory (Gas On The Fire)

by confoundedinterest17

Another month, another record low of available inventory of home for sale.

Available inventory remained near a record low as The Fed continues to throw gas on the fire. As a result, the median price of existing home sales rose 16.24% YoY in February.

Clearly, The Fed can’t solve the low inventory problem by throwing money at the problem. But The Fed is making housing even more unaffordable.

Fed Secretary Powell: “Put another log on the fire,”