Existing Homes Sales DOWN -10% From Last Year While Median Price Rises 4.8% YoY (Doesn’t Soothe Me!)
by confoundedinterest17 Somehow, today’s Existing Home Sales number don’t soothe me. After the collapse in housing starts and permits in March, it is no surprise that existing home sales disappointed in the same month, dropping 4.3% MoM (-4.1% exp) after surging 9.5% in February. That is the biggest drop since Nov 2022. Sales were down almost 10% from a …