Existing Home Sales is an indicator which helps to evaluate the state of the Unites States economy.
Existing Home Sales statistics tracks and reports on the number of existing residential buildings that were sold during the previous month. The understanding of this report can allow investors and economists make more informed decisions about the economy and housing market.
The indicator is a part of fundamental analysis, released by the National Association of Realtors (NAR) on a monthly basis and available on the Economic Calendar.
If the statistics report numbers are released above forecast (meaning more existing homes were sold than expected) this is positive for the USD. Likewise, if the reported number is less than the forecast, this indicates that people are buying less homes and spending less money, which is pessimistic for the economy and may have a negative effect on the USD.
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