US existing home sales
  • Prior was 4.00m
  • Sales change +14.5% vs +5.0% expected
  • Prior change -0.7%
  • Median price $363,300, down 0.2% from a year earlier
  • Inventory at 2.6 months

Coming into this report, existing home sales had fallen for 12 straight months. No doubt that falling rates will lead to a further boost down the line.