Current: US sales of existing homes weak

Sales of existing US homes (April) were weaker than expected. At -9.7% to an annual rate of 3.91 million (forecast was -3.0% to an annual rate of 4.12 million; previous month was -18.9% to an annual rate of 4.33 million).
May data are transactions that are usually completed in April and then finalised in May.

The sales of existing homes make up about 90% of the US real estate market and are therefore of particular importance!

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