Existing Home Sales hit the tape down 16.7% to 5.45 million units, the largest decline since 1968
Existing Home Sales hit the tape down 16.7% to 5.45 million units, the largest decline since 1968. Economists were looking for a much better number. While sales declined in every region, inventories came down a bit, a good sign that “maybe” we can work through glut even if government support dwindles.