Bring Out Your Fed! Existing Home Sales Fall -5.44% YoY In March (EHS Inventory Lowest Since 1999)

Bring out your Fed!

According to the National Association of Realtors (NAR), existing home sales tanked -5.44% YoY in March.

ehsyoyinv

At the same time, the INVENTORY of existing home sales rose in March, but still remains near its lowest level since 1999.

Existing home sales Median Price YoY has slowed to 3.8% with The Fed’s quantitative tightening (QT). As opposed to 13.4% YoY during The Fed’s QE3.

ehdmf

Time to bring out your Fed!

powellfrown

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