E.J. Antoni: Existing-home sales up 1.5% in September, median sale price rises 1.3% year over year

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E.J. Antoni: Existing-home sales up 1.5% in September, median sale price rises 1.3% year over year — Home sales rise, housing market subdued

Existing-home sales rose 1.5% month over month in September but declined 2.2% compared with a year earlier. The median sale price reached $417,500 last month, up 1.3% year over year.

E.J. Antoni added that the housing market remains frozen and said the recent uptick in mortgage interest rates is further dampening limited market activity.

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E.J. Antoni has recently commented on a range of market events. He reported that U.S. Strategic Petroleum Reserve withdrawals have slowed while private oil stocks dropped by nearly 3.2 million barrels last week. Antoni also responded to an October 7 letter from Senator Warren, criticizing her understanding of financial markets.

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