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Existing Home Sales

Name: Existing Home Sales
Creator: TipRanks

Existing Home Sales in the USA measures the number of previously constructed homes, condominiums, and co-ops in which a sale has closed during the month. It is a key indicator of housing market health and consumer spending, as housing activity tends to lead economic cycles. The data can influence financial markets by affecting consumer confidence and spending, and it can also impact interest rates and monetary policy decisions. A strong report may signal economic growth, while a weak report could indicate economic slowdown.