Existing Home Sales

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Existing Home Sales Empty Existing Home Sales

Post  Admin on Wed May 03, 2017 7:40 am

The Existing Home Sales indicator records sales of previously owned homes in the United States.
This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.

While used home sales are not counted in GDP, they do affect the U.S. economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.

The Existing Home Sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales is released, market conditions may have changed.


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