National Existing Home Sales: Sales Down, Prices Down, Inventory Up- This is an Improvement?
Lereah’s headline on today’s National Association of Realtors (NAR) press release was “Existing Home Sales Improve in January.” All the Bloomberg pundits this morning were celebrating a 3.5% increase in existing home sales. According to my version of Excel though, January’s sales number of 6.46 million is LESS than last January’s 6.75 million. The 3.5% [...]
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