Last week EconomPic detailed the strength in the existing home sales jump wasn't as strong as detailed... namely due to the discounts required to get those homes sold.Barry at The Big Picture provides additional detail:Less than 10% of the homes sold in the US were > $500k. We know the high end has collapsed, but we are not discussing multi-million dollar homes, mind you, but over $500k as a mere 8.2% of sales. I was surprised. (I wish we had data going back decades, which we could then normali....
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