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Why Declining Existing Home Sales Are Considered a Positive Sign

Ricky Cove
Why Declining Existing Home Sales Are Considered a Positive Sign

The United States National Association of Realtors (or NAR) releases a monthly report on existing home sales (ITB). This report consists of information about the trends in housing inventory, total housing inventory, median home prices, and the 30-year mortgage rate. The outlook for the housing market (REM) and demand projections can be formulated using existing home sales data.