DORMANT DWELLINGS
05/13/2026 |
April existing home sales came in at 4.02 million, up 0.2% M-o-M and flat Y-o-Y, putting an exclamation point to a failed spring selling season. Moreover, inventory is up 5.8% Y-o-Y which pushed months of inventory to 4.4 from 4.2 in March and 3.8 in Jan/Feb. Home price appreciation, if you can call it that, rose 0.9% Y-o-Y, but with inflation at 3.8%, real home prices fell 2.9% Y-o-Y!