Existing Home Sales Crash Most In 6 Years: NAR Blames Slowing Economy, Bubbly Home Prices

Monday, March 21, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/21/2016

Existing home sales plnged 7.1% MoM in February, massively missing expectations of a 3.0% drop. Absent the regulation-driven drop in November, this is the largest MoM drop since July 2010 as realtors warn that “home prices and rents outpacing wages and anxiety about the health of the economy are holding back a segment of would-be buyers.”

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