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IPFS News Link • Housing

US Existing Home Sales Tumble For 2nd Straight Month As Prices Soar At Record Pace

• Zero Hedge - Tyler Durden

And just as we warned earlier, existing home sales were worse than expected, tumbling 3.7% MoM (for the second straight month)...

Source: Bloomberg

And while sales are up over 12% YoY, the recent plunge in SAAR sales have been dramatic, tumbling to 7-month lows...

Source: Bloomberg