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