US Housing

US Housing Market Data Response

21 November, 2017

Existing Home Sales (Oct.)

Existing home sales rose for the second month in a row in October, with a larger than expected gain of 2.0% m/m. But that rise has only worsened what was an already very low level of inventory. With home buyer sentiment dropping to a six-year low in September, there seems little chance that this marks the start of a sustained rise in sales.

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