Fire! Existing Home Sales Surge To 11-Year Highs As Median Price Over 2x Wage Growth (Low Inventory Continues)

Home price growth is on fire!
US Existing Home Sales rose to 5.81 M units SAAR in November, an increase of 5.6% MoM.
Existing home inventory has been declining since The Great Recession and keeps getting worse as median price of existing home sales keep rising.

This post was published at Wall Street Examiner on December 20, 2017.