US Existing Home Sales Dip Back Near 15 Year Low In June As Prices Hit Record High After a small bounce in May (off 15 year lows), expectations are for existing home sales to fall once again in June as mortgage rates ticked up. The analysts were right as sales dropped 2.7% MoM (vs -0.7% MoM expected), leaving existing home sales unchanged year-over-year… Source: Bloomberg Source: Bloomberg The median sales price increased 2% in June from a year ago to a record high of $435,300… Home prices continue to rise even after a recent pickup in inventory. “Multiple years… — Continue at ZeroHedge News : Read More
