Existing Home Sales
Existing Home Sales
About This Event
The number of existing home sales for December will be released.
Previous: 4.15M
Forecast: 4.19M
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 sank by 4.9% to a seasonally adjusted annualized rate of 4.08 million in January of 2025, the sharpest decline in seven months, and missing market expectations of 4.12 million. "Mortgage rates have refused to budge for several months despite multiple rounds of short-term interest rate cuts by the Federal Reserve. When combined with elevated home prices, housing affordability remains a major challenge." The median price for existing home sales inched 1.9% lower from the previous month to $396,000. In the meantime, inventory of unsold housing grew to 3.9 months of supply at the current sales pace from 3.7 months of supply in December. From the previous year, existing home sales were 2% higher. 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 January 24, 2025 (America/New_York), subject to source updates.
Source summary: The number of existing home sales for December will be released.
Previous: 4.15M Forecast: 4.19M
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 Jan 24, 2025 (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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