Existing Home Sales YoY Flat in August, Inventory Still Missing (Median Prices Up 5.6% YoY)

According to the National Association of Realtors, existing home sales YoY were flat at +0.2% growth (while down 1.7% MoM from July to August). Hurricane season isn’t helping existing home sales.

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The median price of existing home sales YoY grew at 5.6%.

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Existing home sales inventory is still missing as in 1999-2001 levels.

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Let’s see what The Fed announces at 2pm regarding interest rates.

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