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.
The median price of existing home sales YoY grew at 5.6%.
Existing home sales inventory is still missing as in 1999-2001 levels.
Let’s see what The Fed announces at 2pm regarding interest rates.