Economic Event | Existing Home Sales |
Units | Millions of units sold |
Current Period | May 2010 |
Release Date | Jun. 22. 10 |
Reported | 5.66 |
Consensus for Current Period | 6.12 |
Number of Forecasts | 42 |
Economic Surprise | -0.46 ( -7.52 % ) |
Prior Period | Apr 2010 |
Reported Value for Prior Period | 5.79 |
Revised From | 5.77 |
Next Release Date | Jul. 22. 10 |
Next Release Time | 10:00 AM Eastern Time |
Source | http://www.realtor.org/press_room/news_releases/2010/06/may_strong_pace |
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. |