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.
Think rising interest rates has anything to do with the decline in home sales?
The median price of EHS keeps rising while EHS inventory has been falling since 2007.
The Fannie Mae Home Purchase Sentiment Index has also slumped.
Will Jay Powell lighten up on the Fed rate increases?