​US Existing Home Sales Slump To Lowest Since 2010 – Tyler Durden

US Existing Home Sales Slump To Lowest Since 2010 Existing home sales disappointed (yet again) in September, declining 1.0% MoM (vs expectations of a 0.5% MoM rise). August’s 2.5% MoM drop was revised up to a 2.0% MoM drop, but still left existing home sales down 3.5% YoY… Source: Bloomberg Total sales SAAR dropped to 3.84mm, the lowest since 2010… Source: Bloomberg Even with the weaker September sales figures, “factors usually associated with higher home sales are developing,” Lawrence Yun, NAR chief economist, said in his ubiquitously optimistic statement. “There are more inventory choices for consumers, lower mortgage rates than a…  — Continue at ZeroHedge News : Read More