The Housing Story Is Really Inventory

By |2016-06-29T18:30:06-04:00March 21st, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

Existing home sales as reported by the National Association of Realtors fell 7.1% in February 2016 from the month before. It was a very large decline but followed a two-month surge beginning December 2015; which itself came after an unusually large decline in November. In other words, housing and home sales seems to be that much more volatile of late. [...]