02/21/2022
Existing home sales stronger than expected even with supply shortages.
Existing Home Sales, which measure closings on existing homes, showed that sales were up 6.7% in January at an annualized pace of 6.5M units, which was much stronger than estimates of a 4% drop. On a year over year basis, sales are down 2.3%, which is quite miraculous considering higher rates, highe...
