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