Key Points
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Sales of previously owned homes were essentially flat in August.
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The median price of an existing home sold in August was $422,600, up 2% from a year ago.
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Supply fell 1.3% last month from July although it is still up 11.7% year over year
See the green line in the chart! That's only yesterday #1235320. Today is the day of the truth, coming to the ground straight from cloud 9.
Still the question remains why US New Home Sales hit a record high suddenly?
Do people only want to buy new houses??