Option Millionaires

[uranium-pinto-beans]

U.S. existing home sales slipped 0.4% to 5.190 M in April, disappointing expectations for a strong rebound following the 4.9% drop to a 5.210 M rate in March. It's the slowest pace since September's 5.180 M, which was the worst since April 2015. The weakness was in single family sales which declined 1.1% after March's 4.9% tumble. Condo/coop sales jumped 5.6%, more than erasing March's 5.3% decline. Regionally, sales were down 4.5% in the Northeast and 0.4% in the South, but rose 1.8% in the West and were unchanged in the Midwest. The months' supply increased to 4.2 from 3.8 (revised from 3.9). The median sales price increased to $267,300 versus $259,700 (revised from $259,400)