Welcome to Market Makers, i Erik Schatzker. I am e stephanie ruhle, great to be back. Too, i had some great times last week. Alix steel sat in your chair. Almost as amazing as kanye west. Sitting next to me last week. It is a new week, lets kick it off. A busy news morning. Breaking economic news, existing home sales for the month of may are out. Who better to break down the numbers then michael mckee. What is the word . Whendont know whether you shopping for good news, existing home sales up more than forecast. 4. 9 for the month to a 4. 89 million annual sales rate. That is the best so far this year. Remember we were talking about how every buddy was buying condos and not singlefamily homes, that flip. Singlefamily homes up 5. 7 , condos and coops unchanged. Maybe people coming back into the markets right now. Numberting aspects, the of homes for sale, the mother supply falls in may. A little less supply and that has pushed the price of homes up to an alltime high, i have not ,000 is
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