Pantheon Macroeconomics - After two big monthly gains in existing home sales, culminating in October's nine-year high of 5.60M, we expect a dip in sales in today's November report. This wouldn't be such a big deal -- data correct after big movements all the time -- were it not for the downward trend in mortgage applications.

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21 December 2016 Home Sales Likely Fell in November, Before the Hit from Higher Rates

By Ian Shepherdson

After two big monthly gains in existing home sales, culminating in October's nine-year high of 5.60M, we expect a dip in sales in today's November report. This wouldn't be such a big deal -- data correct after big movements all the time -- were it not for the downward trend in mortgage applications.

Posted: 20th Dec 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 21 December 2016 Home Sales Likely Fell in November, Before the Hit from Higher Rates

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