Fundamentals: Sales of Existing Homes
These fundamentals greatly influence the economic factor of each country, and is very often followed by brokers to make a decision when investing.
Some of the masters in trading and even have formed strategies to circumvent these values with quite success.
Currency strategies with fundamentals are well known and appreciated for their effectiveness.
But if you are starting in the world of currencies, stocks or futures you will have to study these factors a lot in order to apply it with good results
Definition: This report measures the level of sales of pre-owned homes. This is considered a good indicator of activity in the housing sector.
Utility: This gives not only a measure of the housing demand, but the economic impulse. People must be financially secure to buy a home.
Source: The National Association of Real Estate Agents.
Availability: On the 25th of the month (or the first following business day) at 10:00 am ET. Data are for the previous month.
Frequency: Monthly
Review: Data are reviewed monthly for the previous month. This review may be subject to substantial changes. There was also an annual review of the previous three years. An important reference is made every 10 years.
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