Economic EventExisting Home Sales
UnitsMillions of units sold
Current PeriodDec 2012
Release DateJan. 22. 13
Consensus for Current Period5.11
Number of Forecasts59
Economic Surprise-0.17 ( -3.33 % )
Prior PeriodNov 2012
Reported Value for Prior Period4.99
Revised From5.04
Next Release DateFeb. 21. 13
Next Release Time10:00 AM Eastern Time
DescriptionThis 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.
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