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RNP - Existing Home Sales Rebounded Retreated In March
Cohen & Steers Reit and Preferred Income Fund Inc
By Jill Mislinski
This morning's release of the March Existing Home Sales fell to a seasonally adjusted annual rate of 5.21 million units from the previous month's revised 5.48M. The Investing.com consensus was for 5.30 million. The latest number represents an 11.8% increase from the previous month and a 0.5% decrease year over year.
Here is an excerpt from today's report from the National Association of Realtors.
Lawrence Yun, NAR's chief economist, anticipated waning in the numbers for March. "It is not surprising to see a retreat after a powerful surge in sales in the