Existing Home Sales Fall 5.44% Year Over Year In March

Existing Housing Sales Inventory Lowest Since 1999

https://confoundedinterestnet.files.wordpress.com/2019/04/ehsyoyinv.png

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.

https://confoundedinterestnet.files.wordpress.com/2019/04/ehdmf.png

Time to bring out your Fed!

https://confoundedinterestnet.files.wordpress.com/2019/02/powellfrown.jpg

Source: Confounded Interest

Advertisements