Jul
23

Strengthening Sales

homesalesWhile existing home sales fell 2.3% in 6/14 to 5.04 million from 5.16 million a year earlier, don’t worry. Sales are at their highest level in eight months, and more importantly distressed sales are down from 15% of all sales in 6/13 to 11% of sales in 6/14. As a result, the number of non-distressed sales are up Y-o-Y from 4.39 million to 4.49 million. Inventories are also up!

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