Economic Statistics Are Stuck in Neutral, But for How Long?

US existing home sales fell a little in July, according to data released last week by the National Association of Realtors. But what really stands out when one looks at the numbers is how little they’ve changed over the past three years. This July, homes were selling at an annual pace of 4.06 million. In July 2023, it was 4.08 million.

By Justin Fox