Comments on March Existing Home Sales

Earlier: NAR: Existing-Home Sales Decreased to 5.21 million in March A few key points: 1) The key for housing - and the overall economy - is new home sales, single family housing starts and overall residential investment. Overall, this is still a somewhat reasonable level for existing home sales .  No worries. 2) Inventory is still low, and was only up 2.4% year-over-year (YoY) in March. This was the eighth consecutive month with a year-over-year increase in inventory, although the YoY increase was smaller in March than in the five previous months. Click on graph for larger image. 3) ......(read more)

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