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via wolfstreet.comEconomy

Existing single-family home sales hit lowest since 2010, supply at 12-year high

FROM THE WIRE · WOLFSTREET.COM

The housing market just keeps getting worse. Sales in the West collapsed to the lowest since at least 1999, in the Midwest to 2011 lows, in the South to 2012 lo...

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeak housing sales signal a soft market, relevant for rates and economic growth expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Existing single-family home sales plunged to their lowest since 2010.
  2. 02Sales in the West collapsed to the lowest since at least 1999, per the data cited.
  3. 03Supply of existing homes hit its highest level in 12 years.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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