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home / news releases / REK - Existing Home Sales Trending Flat Upside Limited


REK - Existing Home Sales Trending Flat Upside Limited

By Robert Hughes

Sales of existing homes fell 2.2 percent in September to a 5.38 million seasonally adjusted annual rate. Sales are still up 3.9 percent from a year ago, recovering from a slowdown during 2018 and early 2019. However, sales are about even with levels from 2016.

Sales declined in all four regions in September: sales were off 3.1 percent in the Midwest and were unchanged from the year-ago level; sales declined 2.8 percent in the Northeast, putting sales 1.5 percent above year-ago levels; sales dropped 2.1 percent in the South, the largest region

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Stock Information

Company Name: ProShares Short Real Estate
Stock Symbol: REK
Market: NYSE

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