Re-Cork The Champagne: Existing Home Sales Slip, And Miss Estimates



After yesterday’s surprisingly strong new homes sales number, there was some hope of momentum in the industry.Unfortunately… nope

Existing home sales in June fell 0.8% to 4.77 million (annualized), missing estimates of 4.90 million.

So yeah, the market’s still garbage.

The full report from the Realtors is here.

Not surprisingly, they try to blame the debt ceiling mess. Ha!

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