US existing home sales tumble to three-year low [View all]

[Yosemito]

Source: CNBC

U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.

The National Association of Realtors said on Tuesday existing home sales declined 6.4 percent to a seasonally adjusted annual rate of 4.99 million units last month. That was the lowest level since November 2015.

November's sales pace was revised slightly up to 5.33 million unit from the previously reported 5.32 million units.

Economists polled by Reuters had forecast existing home sales falling 1.0 percent to a rate of 5.25 million units in December.

Read more: https://www.cnbc.com/amp/2019/01/22/december-existing-home-sales-down-6point4percent-vs-1point3percent-expected.html?__twitter_impression=true

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But I though Trump was gonna MAGA.