Existing Home Sales Back to Prior Lows

Includes: ITB, XHB
by: Bespoke Investment Group

Last month's uptick in Existing Home Sales (if you want to call it that) didn't last long. Friday's release of the April figures showed that Existing Home Sales came right in line with the all-time lows of 4.89 million seen in January. Granted, the indicator has only been around since 1999, but the argument that real estate is getting better can't be made yet.

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