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Existing Home Sales

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Existing Home Sales
A measure of the number and price of sales of single-family homes other than new constructions. It is considered an economic indicator of the availability and affordability of mortgages and real estate in the United States. It is also considered a lagging indicator as it tends to react after changes in mortgage interest rates. Existing home sales tend to rise after a decline in mortgage rates and fall when the opposite happens. The U.S. National Association of Realtors publishes existing home sales monthly.


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Existing home sales are on the rise nationwide, according to a third-quarter report from the National Association of Realtors.
Existing home sales resumed their growth trend in September, with sales having risen for five of the past six months, the National Association of Realtors reported on Friday.
More generally, August reports show that the recent trends of strong increases in new and existing home sales and durable goods orders were interrupted in August.
 
 
 
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