Unadjusted Year-over-Year Change in Existing Home Sales Volumes (blue line), 3 month rolling average (red line)
Since November 2013 home sales showed a contraction year-over-year for the first time since 2011 – and October 2014 was the first month of expansion.
Keeping things real – home sales volumes are only 2/3rds of previous levels.
Last week’s existing home sales.
Depressed and going nowhere:
