Economic Event | Existing Home Sales |
Units | Millions of units sold |
Current Period | Jan 2011 |
Release Date | Feb. 23. 11 |
Reported | 5.36 |
Consensus for Current Period | 5.19 |
Number of Forecasts | 59 |
Economic Surprise | 0.17 ( 3.28 % ) |
Prior Period | Dec 2010 |
Reported Value for Prior Period | 5.22 |
Revised From | 5.28 |
Next Release Date | Mar. 21. 11 |
Next Release Time | 10:00 AM Eastern Time |
Source | http://www.realtor.org/press_room/news_releases/2011/02/january_above |
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. |