Today’s data showed a decline in US existing home sales. According to analysts from Wells Fargo, shortages hold back existing home sales and drive up prices. Key Quotes: “The month’s supply of existing homes for sale is still low, but the tide may be turning. The total inventory climbed to 1.95 million. That was sufficient to make this the first time in three years that inventories were up on a year-over-year basis.” “The median home price rose to $276,900 in June. That is a fresh all-time high. The nominal price of a median existing home today is more than 20 percent above its pre-recession peak. Even after adjusting for inflation, prices are approaching all-time highs.” “The higher price environment and higher mortgage rates are also factors holding back the pace of existing home sales.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB expected to hike in October next year – ABN AMRO FX Street 5 years Today's data showed a decline in US existing home sales. According to analysts from Wells Fargo, shortages hold back existing home sales and drive up prices. Key Quotes: "The month's supply of existing homes for sale is still low, but the tide may be turning. The total inventory climbed to 1.95 million. That was sufficient to make this the first time in three years that inventories were up on a year-over-year basis." "The median home price rose to $276,900 in June. That is a fresh all-time high. The nominal price of a median existing home today is more… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
