About That Existing Home Sales Report .. EHS Actually Rose By 6% In August

According to the Wall Street Journal, ‘Sales of previously owned homes fell 0.9% from a month earlier to an annual rate of 5.33 million, the National Association of Realtors said Thursday.’
But that figure quoted by the National Association of Realtors (and repeated by the venerable Wall Street Journal) is based on SEASONALLY ADJUSTED sales.
Would you believe that existing home sales rose by 6% in August?

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ September 24, 2016.