Existing home sales plummeted 27% in July to a new 15-year low. Existing home sales have now entered double-dip territory. At the current rate of sales, there is a surplus of more than 12 months of existing home supply—a 28 year high.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Goldman Warns on Junk Bonds - May 25, 2018
- America Records Fastest Home Price Inflation Since 2006 - May 24, 2018
- If You Had to Choose, Cell Phone or Car? - May 23, 2018