US Existing Home Sales Unexpectedly Decline In January, Record 37% YoY Collapse

Courtesy of ZeroHedge Existing home sales had fallen for a record 11 straight months ahead of this morning’s print for January, which consensus expected to reveal a 2% MoM rebound. However, existin home sales for January actually tumbled 0.7% MoM (well below the 2.0% jump expected) and the record 12th straight monthly decline with December’s […] Source