Comments on October Existing Home Sales

Earlier: Existing Home Sales in October: 5.36 million SAAR I expected some increase in inventory this year, but that hasn't happened.  Inventory is still very low and falling year-over-year (down 4.5% year-over-year in September). More inventory would probably mean smaller price increases and slightly higher sales, and less inventory means lower sales and somewhat larger price increases. It would seem if we do see lower sales - and higher prices - that should eventually lead to more inventory.  So far the opposite has been true. Also, if sales do slow, it is important to......(read more)

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