April Existing Home Sales: Continuing to Flounder
Despite encouraging buying conditions, existing home sales continue to flounder following a dismal fall and winter.

Despite encouraging buying conditions, existing home sales continue to flounder following a dismal fall and winter.
Despite encouraging buying conditions, existing home sales continue to flounder following a dismal fall and winter. The economy in April enjoyed a robust labor market, strong consumer sentiment and low mortgage rates—and was untouched by subsequent trade tensions with China. Yet an inventory shortage persists, with a greater share of listings reporting price cuts and in some months also sitting on the market longer, indications that the pace of existing home sales may continue to suffer or possibly recover slowly going forward.