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Existing Home Sales Soaring Highs Deceptive

he NAR reported existing home sales increased 1.0% from last month and are down -0.6% from December of last year. This is the 2nd decline from from year ago, previously not seen since June 2011. Existing home sales for the entire 2013 year, on the other hand, hit housing bubble levels not seen since 2006. For all of 2013, existing home sales increased 9.1% from 2012.

via Existing Home Sales Soaring Highs Deceptive | The Economic Populist.

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