Existing Home Sales Rebound(ish)


According to the National Association of Realtors, existing home sales hit a two-year high in September. Not to rain on anyone's parade, this is a seasonally adjusted, annualized number.

The unadjusted sales numbers were down 5.2 percent from August to September. Also, the median home price dropped to $174,900 a decline of 8.5 percent since last September.

As this chart (below) shows, the total number of sales peaked in July, and has dropped 10 percent per month since then.