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
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Who’s your Most Trusted Financial Advisor? - November 11, 2019
- Young People Can’t Afford Homes: Is the Fed to Blame? - November 8, 2019
- Vanguard Wellington Fund (VWELX): The Original Balanced Fund - November 7, 2019