US March existing home sales 4.44M vs 4.50M expected

• Prior was 4.58m
• Sales change -2.4% vs +14.5% prior
• Median price $375,700 vs $363,300 prior
• Prices down 0.9% from March 2022
• Inventory 2.6 vs 2.6 months prior

The US Existing Home Sales report measures the change in the number of existing (not new) residential buildings that were sold during the previous month. It is released monthly by the National Association of Realtors (NAR) based on closed residential real estate transactions.

The housing bears Bears In financial terms, a "bear" refers to an investor who believes that the value of a particular asset or the overall market is likely to decline. A bearish investor typically takes a negative view on the market and may sell their assets or take short positions in anticipation of a downward trend. A bearish investor may believe that there are economic or political factors that could negatively impact the market, or they may analyze technical indicators that suggest the market is overbought or due In financial terms, a "bear" refers to an investor who believes that the value of a particular asset or the overall market is likely to decline. A bearish investor typically takes a negative view on the market and may sell their assets or take short positions in anticipation of a downward trend. A bearish investor may believe that there are economic or political factors that could negatively impact the market, or they may analyze technical indicators that suggest the market is overbought or due Read this Term have been screaming for more than a year but they're wrong. Prices have barely fallen and we're already past the peak of mortgage rates. Today's the largest US home builder DR Horton reported better earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term and was upbeat. The chart of the shares of the company tell the story about what's coming for US housing.