Existing Home Sales

Existing Home Sales
It measures the sales of the single family housesevery month.Nearly eight among the ten present houses are old while the others are constructed newly. Some of the sellers utilize the profits from sale of their present house and purchase a big house which signifies more spending on appliances and furniture. Another sellerwill select to spend their gainsin purchasing discretionary products. Existing house sales are utilized as a pointer of customer spending and have the ability to influence the rate of interest. A fall in the existing house sales for many months is defined as dollar bearish as this causes rate of interest to decline which deteriorates the request for dollar. The existing report of house sales is published at 10 am or by 25thof everymonth and shows the data collected pertaining to the figures of the earlier month. This report includes statistical data that relates to the housing arcadeandoffers a perfect measure of sales level of the present house sales. Due to these factors, this report is regarded as a greattool for enjoying a snapshot of an economic welfare of a market.