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Main Indicator: Existing Home Sales
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 4.93M | 4.93M | 5.03M | N/A | ||
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For March
Sales m/m: -2.0%, forecast -2.0%, pr. 2.9%
Existing home sales declined again in March, after showing some signs of improvement in February. The decline was expected, and the Dollar was already being pressured against the Euro from overnight. However against the Yen, the Dollar found some strengthen following the release. From the Release: "Existing-home sales edged down in March, remaining within a narrow range of sales activity that has persisted since last September, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – were down 2.0 percent to a seasonally adjusted annual rate (1) of 4.93 million units in March from a level of 5.03 million in February, and remain 19.3 percent below the 6.11 million-unit pace in March 2007. A rise in condo sales in March was offset by a drop in single-family sales. Regionally, sales rose in the Northeast and West but fell in the Midwest and South. Lawrence Yun, NAR chief economist, said the market is performing unevenly. “Though mortgage rates are at historically low levels, some borrowers are facing restrictive lending practices in declining markets,” he said. “At the same time, many buyers continue to bide their time with a large number of homes to choose from, while other potential buyers remain on the sidelines.”"
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Table of Past Data
| 7/25 | 8/27 | 9/25 | 10/24 | 11/28 | 12/31 | 1/24 | 2/25 | 3/24 | 4/22 | ||
| Actual | 5.75M | 5.75M | 5.50M | 5.04M | 4.97M | 5.00M | 4.89M | 4.89M | 5.03M | 4.93M | |
| Forecast | 5.87M | 5.75M | 5.50M | 5.25M | 5.00M | 4.97M | 4.95M | 4.80M | 4.85M | 4.93M | |
| Previous | 5.98M | 5.76M | 5.75M | 5.50M | 5.04M | 4.98M | 5.00M | 4.91M | 4.89M | 5.03M | |
| Revised From | 5.99M | 5.75M | N/A | N/A | N/A | 4.97M | N/A | 4.89M | N/A | N/A | |

Past Releases
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Actual | Forecast | Previous | Revised Form | |
| 5.03M | 4.85M | 4.89M | N/A | ||
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For February
Sales Price of Existing Home: $195,900 (Feb '08), pr. $213,500 (Feb '07) Existing Home Sales beat expectations of another decrease, to post a 2.9% increase, with the annual pace for February reaching 5.03 million units. It was the first rise in sales in 7 months and may indicate a bottom for the struggling US housing market.
USD/JPY - 30 Min Candles: The better than expected result sent the US Dollar up around 70 pips against the Yen. It also helped the Dollar win back some of its earlier gains against the Euor that had been pared down overnight.
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Actual | Forecast | Previous | Revised Form | |
| 4.89M | 4.80M | 4.91M | 4.89M | ||
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For January
Sales Price of Existing Home: $201,100, pr. $207,000 Existing home sales in January were down 0.4% compared to an upwardly revised annual pace of 4.91 mln units in December. January's annual pace of 4.89 mln units was higher than forecast. The sales price for an existing home continued to decline, which may induce buying from potential home seekers. The benchmark interest rates in the US has come down recently as a result of an aggressive monetary loosening campaign, which may also work to help the fragile housing sector. |
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Actual | Forecast | Previous | Revised Form | |
| 4.89M | 4.95M | 5.00M | N/A | ||
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For Dec.
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Actual | Forecast | Previous | Revised Form | |
| 5.00M | 4.97M | 4.98M | 4.97M | ||
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For Nov. News Release from National Association of Realtors Existing Home Sales m/m: 0.4% (Nov), forecast 0.0%, pr. -1.2% (Oct). Total existing-home sales rose 0.4% on the month, to a seasonally adjusted pace of 5 million units in November. October's pace was revised slightly upwards to 4.98. The report also showed that prices for existing homes were down 3.3% from November 2006. On a yearly basis, sales are 20% off the pace of the 6.25 million units in November 2006. However, the markets were looking for any news that the housing recession has hit a bottom. Brushing off Friday's disappointing new home sales, the Dollar gained on the Euro and Pound. |
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Actual | Forecast | Previous | Revised Form | |
| 4.97M | 5.00M | 5.04M | N/A | ||
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For October. Existing Home Sales m/m: -1.2% (Oct), forecast -0.8%, pr. -8.0% (Sept) Purchases of existing homes dropped 1.2% to an annual rate of 4.97 million, the fewest since the National Association of Realtors began keeping records in 1999. Banks have tightened their lending standards, while foreclosures add more unsold properties to the market, putting pressure on home prices. |
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Actual | Forecast | Previous | Revised Form | |
| 5.04M | 5.25M | 5.50M | N/A | ||
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For September. Sales of existing homes sales were down 8%, more than consensus estimates of a drop to 5.25M. |
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Actual | Forecast | Previous | Revised Form | |
| 5.50M | 5.50M | 5.75M | N/A | ||
| Existing home sales declined as expected. The annual sales, from August 2006, fell by 4.3% from July's 5.75 million, according to the National Association of Realtors (NAR). The EUR/USD jumped from last session's high of 1.4127 to another record level of 1.4152, immediately following the release. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 5.75M | 5.75M | 5.76M | 5.75M | ||
| Existing home sales fell for a fifth consecutive month for July, inventories of unsold properties increased, and prices dropped. Inventory data shows a 16-year high, according to marketwatch.com. July saw a 0.2% decline from June's revised number of 5.76M. The median home price reported for July was $228,900. In July 2006 the price was $230,200, and in June of this year it was $229,200. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 5.75M | 5.87M | 5.98M | 5.99M | ||
| After an essentially flat reading in May, June's existing home sales numbers dropped and reflects the tightening of lending standards. | |||||
















