Sales of existing homes fell in back-to-back months as multi-decade high mortgage rates continued to suppress demand and supply. The data from the National Association of Realtors certainly added more risks to our call that a housing bottom has passed. Read more of RSM's insights on the real estate ... READ MORE >
U.S. existing home sales
Home sales dropped by 17.8% last year in biggest drop since 2008
Sales of existing homes fell for the 11th straight month in December, finishing their worst year since 2008, the National Association of Realtors reported on Friday. Still, there is some room left for sales to fall further as the Federal Reserve has signaled that it will continue to tighten monetary ... READ MORE >