Don't fret over expected downward revisions to home sales

The expected downward revisions to the number of existing homes sales will not be the disaster widely assumed. Because the house price data will be unchanged, it could even be considered good news as it means any given fall in housing demand translates into a more modest fall in prices than previously thought. That said, it also means any rise in demand will lead to more modest price gains.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.