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Annualized Existing Home Sales in the US

Country:
USDUnited States
Importance:
★★
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About Annualized Existing Home Sales in the US

The annualized number of existing home sales in the United States is an indicator that shows the projected total number of previously owned homes sold over a year. This data is released monthly by the National Association of Realtors (NAR) and is crucial for assessing long-term trends in the housing market.

The annualized data, which estimates the yearly sales based on monthly figures, helps gauge how vibrant the housing market is over the course of a year. A high sales number indicates a robust housing market with strong consumer home-buying interest. Conversely, low sales suggest potential stagnation in the housing market.

This data serves as a reference for policymakers to evaluate housing market trends and formulate appropriate housing policies. It is also a vital source of information for businesses and investors to understand housing market dynamics and forecast economic prospects.

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