US June 2018 existing home sales on 23.07.2018

  • prior 5.43M
  • existing home sales -0.6% vs 0.5% exp, prior -0.4%

We had been warned:
Comments out by Freddie Mac ahead of the data:

-Pace Of Existing-Home Sales Has Been Disappointing In 2018
-Tight Inventory Conditions Continue To Suppress Overall Activity
-Housing Mkt In Slowed H1 Due To ‘Exceptionally’ Low Housing Supply, Weaker Affordability
-Total Home Sales (New & Existing) For Year Now Seen Rising 2.5%, Home Prices Growth Seen At 6.7%
-Mortgage Rates Have Stabilised In Recent Months, In Some High-Cost Markets, Price Appreciation Is Showing Some Signs Of Easing
USD not moving much, remains on the stronger footing it catched as Us walked in today
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