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.
Investopedia Commentary
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
See also: Economy, Indicator, Lagging Indicator, Mortgage, New Home Sales, Real Estate