Economic Event Existing Home Sales Units Millions of units sold Current Period Oct 2008 Release Date Nov. 24. 08 Reported 4.98 Consensus for Current Period 5.01 Number of Forecasts 55 Economic Surprise -0.03 ( -0.60 % ) Prior Period Sep 2008 Reported Value for Prior Period 5.14 Revised From 5.18 Next Release Date Dec. 23. 08 Next Release Time 10:00 AM Eastern Time Source http://www.realtor.org/press_room/news_releases/2008/ehs_soften_on_economic_volatility Note   Description This indicator is thought to be a good measure of demand in the real-estate sector. Existing home sales is an economic indicator of both the number and prices of existing single family houses, condos and co-op sales over a one-month period. Is a lagging indicator as it tends to react after a change in mortgage rates.

Close Window