Home sales and Bowman wants to go again

Existing home sales in May totaled 4.3mm annualized, 50k more than expected and compares with 4.29mm in April. For perspective, the average year to date is 4.31mm and which compares with 5.08mm in April.

While still light relative to history, months supply ticked up to 3.0 from 2.9. That’s the most since last November and compares with 2.6 in May 2022 an…