US Existing Home Sales Weakest April Since Great Financial Crisis (Weakest April Sales Pace Since April 2009)

#bubble, #inflation, #wine, Agency MBS, Bank of England, Bank of Japan, Banking, CMBS, CRE, ECB, Existing Home Sales, fannie mae, Fed, Housing, Inflation, Uncategorized 1 Minute

US existing home sales dropped 0.5% MoM in April (considerably worse than the +2.0% MoM rise expected), dropping to just 4.00MM sales SAAR, with sales down 3.1% from a year earlier on an unadjusted basis.

This is the weakest April sales pace since April 2009.

And median price of EHS is rising and is on pace to top 2024’s high.

And with M2 Money printing like a bat out of hell.

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