Business

Sales of existing homes in the United States in October 6.34 million against 6.18 million expected


US home sales data for October

  • Before was 6.29 m
  • + 0.8% m / m vs + 7.0% previously
  • 2.4 months supply vs. 2.4 months before
  • Median price $ 353,900 vs. $ 352,800 previously
  • Median prices + 13.1% vs + 13.3% y / y previous
The housing market remains hot. We have underlined in advance the case for an upside surprise in this data point.

It’s not a big driver of the market, but there is a consensus that US real estate will flatten or even reverse. I don’t think it will. I believe we are in the early stages of a multi-year bull market, it is US residential real estate that will keep consumers afloat and commodity prices high.

Invest in yourself. See our forex education center.


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button