- Prior revised to -14.8% m/m
- Sales at 0.664m vs 0.660m expected
- Supply at 8.9 months vs 9.2 months prior
- Median price $402,600 vs $429,600 prior
- Median price -6.3% y/y
With 30-year fixed rates back up above 7%, it’s looking like 2025 will be a tough year in the housing market. This number is largely in line with expectations.
This article was written by Adam Button at www.forexlive.com.
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