Existing Home Sales showed sales rose 0.2% in may at a 4.3M unit annualized pace. This is stronger than the estimated 1.0% decline.

Inventory levels increased slightly to 1.08M but are still very low. There is a 3 Months’ supply of homes. to put this into perspective, 4.6 months is considered normal.

I thought this was interesting given I am currently on the internet and never actually thought about the dominance of the English language.

Have a great rest of your week.