‘This Is the Pain That Comes With Bringing Inflation Down': Home Sales Drop Below 4 Million
Existing home sales fell below 4 million annually, a decline attributed by economist Julia Coronado to the "pain that comes with bringing inflation down." The comment was made on Marketplace on September 21.
Why it matters — A drop in home sales signals cooling housing demand, which could affect a homebuilder like D.R. Horton.