https://gritcapital.substack.com/p/us-home-prices-fall-by-most-in-11
Sales of existing US homes declined 3.4% in April to the lowest in 3 months.
Monthly sales have dipped in 14 out of the last 15 months.
On a year-over-year basis, sales are down 23% and have shown a decline for 20 consecutive months.
Meanwhile, the median price of those homes fell by the most in 11 years, declining 1.7% in April from a year earlier to $388,800.
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