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Existing home sales

Existing home sales reflect the number of sold and marketed single-family homes per year. The reading increases when the rate of mortgage loans rises, which is connected to the key interest rate in a country. This data is subject to seasonal fluctuations due to the peculiarities of the real estate market. Therefore, the moving averages are used when analyzing New home sales. The indicator has a minimal effect on the market. When the reading increases, it has a positive effect on a national currency. The indicator is released on the 20th day of every month at 08:30 am EST.

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