Highlights of the June US existing home sales report:
- Fresh high since Oct 2013
- Prior was 4.89M (revised to 4.91M)
- Sales up 2.6% in the month vs 1.9% exp
Some good news on housing but there is still so much work to be done.
existing home sales
The hope is that rising existing home sales will translate into demand for new homes and help to stimulate the economy but the trend modest, at best.
