Existing Home Sales Soar To Highest Since 2006

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by Tyler Durden
Thursday, Oct 22, 2020 - 10:08 AM

Existing home sales soared 9.4% MoM in September, almost double the +5.0% expectation

Source: Bloomberg

This is the highest level of sales since May 2006...

Source: Bloomberg

Now that's a 'V'...

Median home prices soared 14.8% from last year to $311,800 amid a tumble in inventory to just 2.7 months supply.