Like a bad good news, bad news joke, the good news is that US existing home sales ROSE 0.2% in May. The bad news? Existing home sales are DOWN -23.16% on a year-over-year basis.
And the median price of existing home sales fell -3.44% YoY as inventory for sales remains missing in action (like Biden debating Democrat challengers).
See also Deja Vu All Over Again: Biden Administration Charts Another Massive Budget Deficit in March
I propose that Puerto Rican crooner Ricky Martin replace Janet “Transitory” Yellen as US Treasury Secretary.
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