Existing Home Sales, Prices, Up in July

Existing Home sales increased in July (versus both prior month and YoY) to a SAAR of 5.42M.

Housing inventory still remains tight, as the market has only 4.2 months of inventory currently, versus 6 months in a balanced market. The tight inventory favors sellers over buyers and contributes to the trend of increased home prices.

Read the full story here:
Good July for US Housing Market

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