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March 1, 2023

Housing data continued to decelerate which could negatively impact the broader economy.

Existing single-family home sales decelerated -0.83% m/m, its twelfth consecutive month in negative territory. On a y/y basis, existing single-family home sales decelerated -36.12%, which is the fastest deceleration on record. The median sales price for all existing homes price decelerated to 1.33% y/y, its ninth consecutive deceleration, and the comparison set gets tougher through...
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