US Existing Home Sales Bounce Back In June (+20.7% MoM) While FHFA Home Price Index Declines -0.3% MoM In May

Weird, whacky stuff in housing news.

Let’s start with the FHFA’s home price index for May. It fell -0.3% MoM.

Existing home sales rose 20.7% MoM in June after falling -9.7% in May. Nice rebound!

Inventories of existing homes for sale remains low. Median price for existing home sales rose 3.5% MoM in June.

If existing home sales continue their recovery, sweet dreams are made of this.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.