US February existing home sales 6.02m vs 6.10m expected


Prior was 6.50m (revised to 6.49m)
Sales -7.2% vs +6.6% prior
Inventories at 1.7 months
Prices +15.0% y/y to $357.3KFull report

The issue in the US is inventories; they’re extremely tight. I highlighted more on US housing earlier but I’ll repeat it here and US home price