US February Existing Home Sales 4.26 Million...Up 4.2% from Previous Month
Summary
- It was announced that last month's US existing home sales recorded 4.26 million, an increase of 4.2% from the previous month.
- This figure significantly exceeded the market forecast of 3.95 million.
- It was emphasized that existing home sales are a key indicator reflecting US consumer sentiment and the housing market.
Last month, the number of existing home sales in the United States increased by 4.2% compared to the previous month.
The National Association of Realtors (NAR) announced on the 20th (local time) that last month's existing home sales in the United States were recorded at 4.26 million. This figure significantly exceeds the market forecast of 3.95 million. Compared to the previous month, it increased by 4.2%.
The number of existing home sales is an indicator that can gauge American consumer sentiment and the housing market. In the United States, the existing home sales market accounts for more than 80% of the total housing market. Residential real estate indicators are the first to decline during a recession and the first to rise during a boom.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
