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

wallstreetexaminer.com / by Anthony B Sanders  via Snake Hole Lounge / 

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.

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The post Fire! Existing Home Sales Surge To 11-Year Highs As Median Price Over 2x Wage Growth (Low Inventory Continues) appeared first on Silver For The People.