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October 21, 2013

Existing Home Sales down. BLS tomorrow.

October 21, 2013

Existing Home Sales down. BLS tomorrow.

Existing Home Sales (September 2013)

Existing Home Sales (Seasonally Adjusted Annualized)   5,290,000. Previous revised to 5,390,000 – Month/Month  -1.9% – Year/Year +10.7%

The housing market is, as always, local but the big picture is that it is slowing. To some extent the drop in Existing Home Sales is due to the fact that bargain prices on distressed sales are not as available as they were.

Note that the September BLS Employment Situation Report will be issued tomorrow.  This had been due out on October 4.