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Existing Homes Sales Drop 3x Faster Than Expected
Tuesday, September 22, 2015 5:50
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by David Kranzler
Investment Research Dynamics
Existing home sales for August were released Monday. They declined nearly 5% from July, with July revised down from the original report. The brain trust on Wall Street was expecting a 1.3% decline.
It was only a matter of time before home sales started dropping again. But a drop of this magnitude in August took me by a bit of surprise. Of course, the National Association of Realtor’s chief “economist” offered pathetic excuses for the hammer applied to home sales in August with half-truths, distorted truths and omission of facts. I was actually a bit shocked at how transparent the excuses were he used.
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Source: http://financialsurvivalnetwork.com/2015/09/existing-homes-sales-drop-3x-faster-than-expected/?utm_source=rss&utm_medium=rss&utm_campaign=existing-homes-sales-drop-3x-faster-than-expected
