US Oct existing home sales 5.60m vs 5.44m expected

Existing home sales data from that National Association of Realtors

• Prior was 5.47m (revised to 5.49m)


• Sales +2.0% m/m vs -0.6% expected


• Prior +3.6% m/m


• 5% of sales distressed vs 4% in Sept


• Median home price +6.0% y/y


• Median price of $232,000

Good, solid report but it"s a low-tier housing indicator.

The US dollar ticked higher on the release and it"s yet-another confirmation that the Fed will hike in December.

US Oct existing home sales 5.60m vs 5.44m expected
US Oct existing home sales 5.60m vs 5.44m expected
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