October US existing home sales data

existing home sales
  • Prior was 6.54m
  • Sales +4.3% m/m vs +9.9% prior
  • Inventory of home for sale 1.42 vs 2.5 months prior
  • Prices +15.5% y/y

Another day, another very strong housing report. The fall to just 1.42 months of supply is bullish for house price going forward.