Home Sales Fall, But It’s Really The Inventory That Might Be Significant

By |2016-08-24T16:47:59-04:00August 24th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

The contradictory nature of the real estate market continues to be exhibited in resales as well as new construction. Though sales of new homes jumped, resales fell. Since last June, the level of contracts for the sale of existing homes has been stuck around 5.4 million SAAR. That was about the same rate of activity as reached at the height [...]