Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness

Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness Existing home sales bounced this month, coming in just above the high end of Econoday Economists’ Estimates . Existing home sales bounced back very strongly in September, up 4.7 percent to nearly reverse the prior month’s revised decline of 5.0 percent, a decline that now looks like an outlier. The month’s annual sales rate, at 5.55 million, is just beyond Econoday’s top-end forecast and the second best reading of the recovery.

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Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness