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Housing Peak? Existing House Sales Drop 2.5%, Down Year-Over-Year Second Month

By Patrick following x   2018 May 26, 9:49am 237 views   0 comments   watch   sfw   quote     share    


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 Reply

You have to recognize Yun for what he is: an NAR mouthpiece. He likely serves the NAR well.
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