Going Down! US Existing Home Sales Slump To 2 Year Low As Rates Rise

Sales of previously owned U.S. homes unexpectedly slumped for a fourth month to the weakest in more than two years, signaling higher prices and tight supplies continue to squeeze demand, a National Association of Realtors report showed Wednesday.

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Think rising interest rates has anything to do with the decline in home sales?

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The median price of EHS keeps rising while EHS inventory has been falling since 2007.

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TheĀ Fannie Mae Home Purchase Sentiment Index has also slumped.

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Yes, existing home sales are going down … as The Fed keeps raising rates.

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Will Jay Powell lighten up on the Fed rate increases?

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2 thoughts on “Going Down! US Existing Home Sales Slump To 2 Year Low As Rates Rise

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