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MoM Change in Existing Home Sales in the US

Country:
USDUnited States
Importance:
★★
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About MoM Change in Existing Home Sales in the US

The month-over-month change in existing home sales is an indicator that shows how the number of previously owned homes sold in the United States has increased or decreased from one month to the next. This data is released monthly by the National Association of Realtors (NAR) and is crucial for assessing trends in the housing market.

The month-to-month data helps understand short-term fluctuations in the housing market. An increase in sales numbers indicates a robust housing market and a rise in consumer home-buying interest. Conversely, a decrease suggests a potential stagnation in the housing market.

This data serves as a reference for policymakers to assess housing market trends and formulate appropriate housing policies. It also provides essential insights for businesses and investors to gauge housing market dynamics and forecast economic outlooks.

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