US October existing home sales 6.85m vs 6.47m expected
October US existing home sales data
- 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.