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follow Patrick 2018 May 26, 9:49am
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It's looking increasingly likely that housing has peaked this cycle. Year-over-year sales are down the second month,The Econoday economists missed the mark badly this month on existing home sales.Single-family home sales fell 3.0%. Overall sales fell 2.5% for the month and were lower than even the lowest estimate.Year-over-year sales are down 1.4%. Last month sales were down 1.2% year-over-year. Sales have pretty much stagnated since June of 2015!Mortgage News Daily reports Existing Home Sales Reverse Course, Down 3%. ...Reader Comment"If I was a member of the National Association of Realtors, I'd ask for a refund based upon the salary paid to Lawrence Yun. He has made terrible predictions for years."My ReplyYou have to recognize Yun for what he is: an NAR mouthpiece. He likely serves the NAR well.
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