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    Date
    Summary
    CNBC’s Diana Olick: Home Sales Down 28.4% Year Over Year, the Slowest Sales Pace Since the End of 2011 (clip)
    Source
    CNBC

    Name: CNBC

    URL: http://www.cnbc.com/

    Show
    Squawk on the Street

    Name: Squawk on the Street

    URL: http://www.cnbc.com/id/15838381

    Persons
    Rick Santelli

    Name: Rick Santelli

    Employment: CNBC

    Position: Editor

    Event
    Event location
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    11/18/2022 11:34 am
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    0:00:20
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    Transcript
    RUSH TRANSCRIPT Also out ░░░░░░░░ economic indicators along with ░░░░░░░░ home sales for the ░░░░░░░░ of October For existing ░░░░░░░░ sales we turn to ░░░░░░░░ olick diana Well rick ░░░░░░░░ home sales in October ░░░░░░░░ 5 9 to a ░░░░░░░░ adjusted annualized rate of ░░░░░░░░ 43 million units that ░░░░░░░░ slightly better than the ░░░░░░░░ was looking for but ░░░░░░░░ were down 28 4 ░░░░░░░░ over year that s ░░░░░░░░ slowest sales pace since ░░░░░░░░ end of 2011 with ░░░░░░░░ exception of the brief ░░░░░░░░ at the start of ░░░░░░░░ pandemic despite the slowdown ░░░░░░░░ is falling There were ░░░░░░░░ 22 million homes for ░░░░░░░░ down just under 1 ░░░░░░░░ to month and year ░░░░░░░░ year at the current ░░░░░░░░ pace that s a ░░░░░░░░ 3 month supply A ░░░░░░░░ market is considered four ░░░░░░░░ six months supply That ░░░░░░░░ supply continues to hold ░░░░░░░░ floor under prices The ░░░░░░░░ price of an existing ░░░░░░░░ in October was 379 ░░░░░░░░ up 6 6 year ░░░░░░░░ year That annual comparison ░░░░░░░░ s shrinking While sales ░░░░░░░░ dropping across all price ░░░░░░░░ they re falling the ░░░░░░░░ in the 150 000 ░░░░░░░░ 250 000 range and ░░░░░░░░ million plus the high ░░░░░░░░ weakness is due to ░░░░░░░░ in the stock arket ░░░░░░░░ interest rates and global ░░░░░░░░ uncertainty all of those ░░░░░░░░ on higher end buyers ░░░░░░░░ back to you.
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