Fire! Existing Home Sales Surge To 11-Year Highs As Median Price Over 2x Wage Growth (Low Inventory Continues)

By Anthony B. Sanders

Home price growth is on fire!

US Existing Home Sales rose to 5.81 M units SAAR in November, an increase of 5.6% MoM.


Existing home inventory has been declining since The Great Recession and keeps getting worse as median price of existing home sales keep rising.


Median price growth for existing home sales continues to be greater than twice that of wage growth.


The Fed song about home prices:

They don’t care for me
I don’-a care about that
They gotta new fool, ha!
I like it like that

They have only one burning desire
Let them stand next to your fire (of home prices)


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