Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-01-03T14:43:52.000Z

Preview: Due January 19 - U.S. December Existing Home Sales - A second straight modest rise

byDave Sloan

Senior Economist , North America
-

We expect existing home sales to see a modest 0.8% December increase to 3.85m, the increase matching that seen in November which was the first since May and the largest since February.

Mortgage rates moving off their highs have seen survey evidence from the NAHB and MBA moving off their lows, though pending home sales were unchanged inn November, suggesting existing home sales are unlikely to see a strong increase.

The monthly rise is likely to be restrained by a correction lower in the south, which led November’s increase. We expect the median price to fall by 1.5% on the month, which would be a sixth straight decline. However these declines are in part seasonal and yr/yr growth would then pick up to 5.8% from 4.0%, continuing the rebound from a May low of -3.0%. 

 

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Data

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image