Existing home sales rose in June and inventory fell: Existing- home sales rose for the third consecutive month with inventory easing and home prices declining.
Read more:
Existing Home Sales Rise in June | Contrarian Musings
Tag: housing
Calculated Risk: More on Existing Home Inventory
Note: there is probably a substantial shadow inventory – homeowners wanting to sell, but waiting for a better market – so existing home inventory levels will probably stay elevated for some time. There are also reports of REOs being …
Read more from the original source:
Calculated Risk: More on Existing Home Inventory
The Mess That Greenspan Made: Existing home sales continue to improve
Home resales rose 3.6 percent in June, from a downwardly revised, seasonally adjusted, annual rate of 4.72 million units to 4.89 million units, the highest level since last October. Distressed properties – foreclosures and short sales …
Read the rest here:
The Mess That Greenspan Made: Existing home sales continue to improve