Existing Home Sales
Existing Home Sales
About This Event
The number of existing home sales for November will be released.
Previous: 4.43M
Forecast: 4.2M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops, fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December of 2022, slightly above market forecasts of 3.96 million. It marks an eleventh straight month of falling home sales, the longest stretch since 1999, and the lowest level since November of 2010, as buyers continue to face limited inventory and high mortgage rates. Total housing inventory was 970,000 units, which was down 13.4% from November but up 10.2% from one year ago. The median existing-home price for all housing types was $366,900, an increase of 2.3% from December 2021, as prices rose in all regions. “However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year”, said NAR Chief Economist Lawrence Yun. source: National Association of Realtors
Why This Event Matters
Economic releases such as Existing Home Sales are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is December 21, 2022 (America/New_York), subject to source updates.
Source summary: The number of existing home sales for November will be released.
Previous: 4.43M Forecast: 4.2M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Existing Home Sales?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Existing Home Sales?
- The calendar shows Dec 21, 2022 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Existing Home Sales matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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