HUMBLE HOUSING
03/10/2026 |
February existing home sales rose 1.7% M-o-M to a seasonally adjusted annual rate of 4.09 million. But Y-o-Y sales fell for the third time in four months, not a sign of a recovering market. For some perspective, outside of the Housing Bust (2008-2010) sales are, and have been for the past three years, where they were in 1996. More positively, home prices fell an inflation-adjusted 2% Y-o-Y, boosting affordability.