​Existing Home Sales “Still Sluggish” – Weakest July Since 2010, Record Low Affordability – Tyler Durden

Existing Home Sales “Still Sluggish” – Weakest July Since 2010, Record Low Affordability US Existing Home Sales rose (+1.3%MoM) for the first time in five months in July, but remain down 2.5% YoY (the last time home sales were up YoY was July 2021)… Source: Bloomberg “Despite the modest gain, home sales are still sluggish,” said NAR Chief Economist Lawrence Yun in a prepared statement. “But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates.” Excepot it’s not Mr. Yun! For context, here is were existing home sales SAAR are… the weakest July print since 2010……  — Continue at ZeroHedge News : Read More