Existing Home Sales
Existing Home Sales
About This Event
The number of existing home sales for August will be released.
Previous: 3.96M
Forecast: 3.90M
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 fell by 2.5% from the previous month to a seasonally adjusted annualized rate of 3.86 million in August of 2024, edging down from the upwardly revised 3.96 million sales, to mark the fourth decline of the year. The decline took place despite the drop in mortgage rates in the period, which contributed to a drop in the median existing-home sales price -$10,200 thousand to $416,900. Inventory of unsold housing rose and edged higher to the equivalent of 3.9 months of sales at the latest rate, picking up from 3.6 months from the earlier month. 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 September 19, 2024 (America/New_York), subject to source updates.
Source summary: The number of existing home sales for August will be released.
Previous: 3.96M Forecast: 3.90M
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 Sep 19, 2024 (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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