Existing home sales data from the National Association of Realtors
- Prior reading was 5.35m (revised to 5332M)
- Estimates ranged from 5.2m (Jefferies) to 5.52m (JPM)
- The 2009 peak was 5.44m
- Median prices of existing home rose 6.5% y/y to $236,400, the highest on record
- Listings rose to 2.3m from 2.28m
Highest since 2007.
The US dollar is catching a bid on the headlines with USD/JPY up above 120.00 and EUR/USD at a session low of 1.0887.
