Comments on April Existing Home Sales

Earlier: NAR: Existing-Home Sales Decreased to 5.19 million in April 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 1.7% year-over-year (YoY) in April. This was the ninth consecutive month with a year-over-year increase in inventory, although the YoY increase was smaller in April than in the six previous months. Click on graph for larger image. 3)......(read more)

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