| Existing Home Sales |
An economic indicator of both the number and prices of existing single family houses, condos and co-op sales over a one-month period. Released monthly by the U.S. National Association of Realtors, it is a lagging indicator as it tends to react after a change in mortgage rates.
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The existing home sales report does not look at newly built houses nor the sale of new houses. This indicator is thought to be a good measure of demand in the real-estate sector.
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Economic Indicators to Know - The economy has a large impact on the market, so investors should know how to interpret these eleven indicators. |
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Related Terms
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