Heterodox
Comments on existing home sale prices Existing home sales were reported yesterday. Since, although they are about 90% of the market, they have much less effect on the economy than new home sales, I normally don’t pay that much attention.But I did want to emerge from my vacation hideaway to make a few comments. 1. Inventory is up 11% YoY. Inventory follows prices, and as prices rise, more and more people decide now is a good time to sell...
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