U.S. Home Sales Unexpectedly Fell To Lowest Level In Eight Months

The Commerce Department said on Tuesday new home sales decreased 3.4 percent. 

The Commerce Department tried to say that it was due to Hurricanes Harvey and Irma, but even before the hurricanes struck, the housing market was softening.  

Housing is softening because it is a bubble, with record high prices and a weakening economy.  

The inventory of new homes on the market rose 3.6 percent to 284,000 units, the highest level since May 2009.