Existing Home Sales: translation
An economic indicator of both the number and prices of existing single-family homes, condos and co-op sales over a one-month period. The existing home sales report is released monthly by the U.S. National Association of Realtors. It is a lagging indicator as it tends to react after a change in mortgage rates.
The existing home sales report does not look at newly built houses or the sale of new houses. This indicator is thought to be a good measure of demand in the real-estate sector.