Existing home sales had fallen for a record 11 straight months ahead of this morning’s print for January, which consensus expected to reveal a 2% MoM rebound. However, existing home sales for January actually tumbled 0.7% MoM (well below the 2.0% jump expected) and the record 12th straight monthly decline with December’s 1.5% decline actually revised even worse to -2.2% MoM…

https://www.zerohedge.com/personal-finance/us-existing-home-sales-unexpectedly-decline-january-record-37-yoy-collapse

https://www.bloomberg.com/news/articles/2023-02-21/us-sales-of-previously-owned-homes-decline-for-a-12th-month