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U.S. Existing Home Sales Unexpectedly Pull Back Sharply In June

Economic DataHousing & Real EstateConsumer Demand & Retail

U.S. existing home sales unexpectedly fell sharply in June, according to the National Association of Realtors. The downside surprise suggests cooling demand in the housing market, which may weigh on near-term consumer confidence and related economic expectations.

Analysis

U.S. existing home sales unexpectedly fell sharply in June, according to the National Association of Realtors. The downside surprise suggests cooling demand in the housing market, which may weigh on near-term consumer confidence and related economic expectations.

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