Existing home sales flash
Slight bit of good news in the inventory figures, which dipped to 3.2 million units from 3.285 million in August. But on a months supply at current sales rate basis, inventory was a very elevated 7.3 months, unchnaged from the past couple months. The price data was the most telling -- single family home median prices dropped 2.5% YOY while condo prices dropped 2.8%. These are nationwide figures, and they show a deeper decline from August's YOY fall.