Existing home sales plunge 20.7 percent from Last Year!

On the MSM you will hear the 1.2 percent number. That's just comparted to last month.

Compared to last year, the housing is down 20.7 percent. House prices declined 5.1% from last year.

Inventory was higher by 15.4% vs last year and 1.9% vs. last month. That's 10.8 month supply.

Looks like it's going to get worse for housing before it gets better.