US April existing home sales 5.61m vs 5.65m expected

• Prior was 5.77m (revised to 5.75)
• Sales change -2.4% vs -2.7% m/m expected
• Inventory 2.2 vs 2.0 months prior (revised to 1.9 months)
• Year-ago inventory 2.3 months
• Median price $391.4K vs $375.3K prior
• Prices 14.8%y/y
• +2.9% m/m vs +4.5% prior

This was the third straight month of declines. Note that these prices represent closings, which were contracts likely signed in Feb/March.

Housing is clearly slowing down but is it reversing? I saw a second-hand comment from a top-10 US home builder saying that traffic was down to 5 buyers for every house from 25. That's still 5x more demand than supply. Do we get to 1:1?

Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is high but mortgage rates are starting to flatten.