US Existing Home Sales Drop 2.7% In June As Median Price Hits Record Of $435,300 (Sales Near 15 Year Low)

Banking, CMBS, CRE, Credit, Economy, Existing Home Sales, Housing, Inflation, Mortgage, New Home Sales, Powell, Treasuries, Treasury, Wages, Yellen, Yield Curve 1 Minute

US existing home sales dropped 2.7% MoM (vs -0.7% MoM expected) in June leaving existing home sales unchanged year-over-year.

The median sales price increased 2% in June from a year ago to a record high of $435,300.

Meanwhile, The Fed keeps on printing money.

This is a new world for housing and mortgage finance. Outrageous, unafforable housing for millions.

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Published by confoundedinterest17

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