US Existing Home Sales declined 3.2% MoM in January, but fell 4.8% YoY (SA). That is the lowest growth rate since 2014.
Existing homes for sale? Ever-so-slightly higher than last month, but still near the lowest level since 1999.
The Median Price for Existing Home Sales increased at a 5.8% rate YoY. Very steady growth since 2014.
Historically low inventory and rising mortgage rates? This should be an interesting year IFF The Fed continues to withdraw its stimulus.
Do I detect a trend?
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