U.S. NEW Housing Inventory Skyrockets, Sales Fall Sharply
The number of NEW single-family homes for sale in the United States skyrocketed to the highest levels since January 2008 (i.e. a 16.5 year HIGH) and the months’ supply rose to 9.3 months (well above the historical norm of 5 to 6 months). Meanwhile, the median sale price increased by only 1% year-over-year. In today’s … Read more