Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

More on Existing Home Sales: For the year, sales were 4.65M, +9.2% from 2011. Inventory -8.5% to...

  • Tuesday, January 22, 10:10 AM ET
    More on Existing Home Sales: For the year, sales were 4.65M, +9.2% from 2011. Inventory -8.5% to a 4.4 month supply, the lowest since May 2005. A year ago, there was a 6.4 month supply. Median sale price of 180.8K, up 11.5% Y/Y. Distressed sales were 24% of all sales, up from 22% in November, down from 32% a year ago. Median time on market of 73 days, down from 99 days a year ago.
Track new comments on this story

This news story has 2 comments:

  •  
    A rally in a BEAR MARKET. Wait until the next recessionary wave hits, and the assets fall again. No more money or patient for the Fed to keep sponsoring the 'recovery'.

    We have a huge amount of debt to destroy. That's what Deflations are for. Some day our leaders will understand that.

    Inflation; followed by higher interest rates; followed huge sell-offs in stocks, houses, commodiites.
    22 Jan, 12:38 PM Reply Like
  •  
    Take out short sales and private equity buying and what is the real number? Don't fall for the lies the real estate market is still in the trash.
    22 Jan, 01:18 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Macro Articles
More Latest Articles »