U.S. ECO PREVIEW: Existing Home Sales Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
Alert: HALISTER1- Existing Homes 5.55m; range 5.38m to 5.65m (74 estimates)
- Existing Homes 1.09% m/m; range -2% to 2.91% (74 estimates)
- Home re-sales have been "pressured" by the low number of properties on the market; January data could indicate whether higher mortgage rates are depressing demand: Bloomberg Intelligence
- In December, the number of previously owned homes on the market dropped to the lowest in records back to 1999, according to data from National Association of Realtors
- Even so, 2016 re-sales were strongest in decade
Source: BFW (Bloomberg First Word)
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UUID: 7947283