The National Association of Realtors released its U.S. existing home sales data for the month of August just a moment ago. Following an astonishing rebound in July (+24.7%), markets anticipated an increase of “merely” 2.4% The results matched markets' expectations.
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U.S. existing home sales in August: 6 million (vs expected: 6 million)
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U.S. existing home sales in August (MoM): 2.4% (vs expected: 2.4%)
U.S. existing home sales climbed above levels seen in pre-pandemic era. Source: Bloomberg
