Tag: existing home sales

What is the Existing Home Sales Report Index

What is the Existing Home Sales Report Index

Economic Indicators
The Existing Home Sales Report Index, published by the National Association of Realtors is released every month where the results are based on the number of closed sales in the housing market activity. Considered to be a leading economic indicator, the Existing Home Sales Report Index reacts to any changes in the mortgage rates as obvious. Not to be mistaken for sales of new homes, the Existing Home Sales Report Index measures the sales of existing homes only. While calculating the existing home sales, a time period of up to two months is considered, therefore the data published under the Existing Home Sales Report reflects on closed existing home sales prior to two months. The Existing Home sales takes into account these seasonal variations into their monthly reports. The existing home