Today, in the CalculatedRisk Real Estate Newsletter: Existing-Home Sales Increased to 6.50 million in January
Excerpt: This graph shows existing home sales by month for 2021 and 2022.
Sales declined 2.3% year-over-year compared to January 2021. This was the sixth consecutive month with sales down year-over-year.
[and on inventory] According to the NAR, inventory decreased to 0.86 million in January from 0.88 million in December. Inventory is now at a record low.There is much more in the post. You can subscribe at https://calculatedrisk.substack.com/ (Most content is available for free, so please subscribe).